China Commodity Marketplace
Domestic tungsten concentrate prices held firm this week, seeing mainstream prices lifting to RMB90,000/t. Reduced mining operations curbed spot supply of concentrates and drove prices accordingly prior to the Chinese New Year holiday. Mainstream wolframite (65% WO3) is being quoted at RMB89,000~91,000/t, scheelite (65% WO3) prices are RMB88,000~89,000/t and prices for tungsten concentrate (50~55% WO3) are between RMB86,000~88,000/t.
Domestic APT prices edged up slightly, with mainstream prices holding stable at RMB135,000~137,000/t. Buoyed by rising long-term contract prices of 131,200/t and reduced operations at APT smelters – due to a combination of environmental pressures and maintenance, domestic APT prices have held firm with the bottom price for spot transactions rising to RMB13,500/t (by cash) or higher this week.