Shanghai Nonferrous Metals News
At the beginning of the week, wolframite concentrate (55% WO3) prices in Jiangxi were being quoted RMB 106,000~107,000/t, and APT prices were RMB 167,000~168,000/t in Jiangxi. Most buyers were cautious and no transactions were concluded.
Backed by strong production costs and shrinking supply caused by continuing rain in southern China, tungsten concentrate prices rebounded slightly. Industry insiders hold differing views of market prospects going forward.