China Commodity Marketplace
Propped by tightening spot supply caused by reduced mining operations prior to the 2021 Chinese New Year in February, the domestic tungsten market remains stable this week. Mainstream wolframite (65% WO3) is being quoted at RMB87,000~89,000/t, scheelite (65% WO3) prices are RMB86,000~88,000/t and tungsten concentrate prices (50~55% WO3) are RMB84,000~86,000/t.
The domestic APT market continues strong, with mainstream prices lifting to RMB133,000~134,000/t. Buoyed by rising long-term contract prices of 131,200/t and strong production costs, domestic APT smelters intend to shore prices up to a minimum of RMB133,000/t for spot transactions by cash. Quotes for APT exports increased to USD235~240/MTU FOB China on Wednesday, equaling the RMB134,000~137,000/t reached on the domestic market.