China Commodity Marketplace
Domestic tungsten prices have been stable, miners and traders held firm on quotations and declined to sell at low price levels. Due to the upcoming Chinese New Year holiday (4~10 February 2019), some downstream smelters have suspended operations and transactions have stalled. At present, wolfram (65% grade) mainstream quotations are at RMB 95,000~97,000/standard t; sheelite (65% grade) is at RMB 94,000~96,000/standard t and tungsten concentrates (50~55% grade) at RMB 91,000~93,000/standard t.
The domestic APT market is now stable with mainstream quotations standing between RMB 151,000~152,000/t.