China Commodity Marketplace
Domestic tungsten concentrate (WO3 65%) prices continued to rise to RMB91,000~93,000/t, with concentrate prices (50~55% grade) at RMB90,000/t at present. In anticipation of a bullish market, tungsten concentrate vendors are holding firm on prices.
Domestic APT smelters raised their quotes to RMB139,000~141,000/t. APT prices are likely to rise further over the short term in the wake of stronger domestic demand after the CNY holiday, in conjunction with increasing exports led by resumptions in the overseas market.