China Commodity Marketplace
Domestic tungsten concentrate prices held firm this week after high-end prices rebounded to RMB90,000/t last week. Domestic miners and traders increased sales but downstream producers still experienced difficulties sourcing low-prices concentrates. Mainstream wolframite (65% WO3) is being quoted at RMB88,000~90,000/t, scheelite (65% WO3) prices are RMB87,000~89,000/t and tungsten concentrate prices (50~55% WO3) are RMB85,000~87,000/t.
The domestic APT market continues strong, with mainstream prices lifting to RMB134,000~136,000/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 RMB133,000~134,000/t for spot transactions by cash.