China Commodity Marketplace
Domestic tungsten concentrate prices continued to rise steadily this week. Miners were keen to sell and low-priced transactions were rare. Mainstream wolframite (65% WO3) is being quoted at RMB96,000~97,000/t and scheelite (65% WO3) prices are RMB95,000~96,000/t and tungsten concentrate prices (50~55% WO3) are RMB92,000~95,000/t.
The domestic APT market continues strong, with mainstream prices between RMB145,000 and 147,000/t. Buoyed by rising long-term contract prices and strong production costs, domestic APT smelters are holding firm on prices. High price transactions are still sparse due to declining interest from downstream buyers.