China Commodity Marketplace
The domestic tungsten market remains stable, with tungsten concentrate vendors remaining firm on prices. Mainstream wolframite (65% WO3) is being quoted at RMB87,000~88,000/t and scheelite (65% WO3) prices are RMB85,000~86,000/t and tungsten concentrate prices (50~55% WO3) are RMB83,000~86,000/t.
The domestic APT market continues strong, with mainstream prices between RMB131,000 and 133,000/t. Buoyed by rising long-term contracts prices and strong production costs, domestic APT smelters intend to shore prices up to a minimum of RMB131,000/t for spot transactions by cash.