China Commodity Marketplace
Domestic tungsten concentrate prices have been on the rise in July in the wake of tightening supply. Recent tungsten concentrate prices have maintained upward momentum after prices surged to RMB110,000/t by end-July. As of end-July, wolframite concentrates (65% WO3) prices had lifted to RMB112,000~114,000/t and wolframite concentrates (65% WO3) prices were at RMB111,000~113,000/t. Mainstream tungsten concentrate prices (50~55% WO3) rose to RMB109,000~111,000/t.
Mainstream domestic APT prices climbed to RMB168,000~171,000/t by end-July boosted by rising concentrate prices and increased long-term contract prices of large producers. Consequently, domestic APT smelters were bullish about the price outlook and raised their quotations to RMB168,000~169,000/t minimum this week.