China Commodity Marketplace
Domestic tungsten prices have stop falling – represented by fewer transactions at low price levels. Today, the domestic tungsten market remains stable, with miners holding firm on prices. 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.
An increasing number of tungsten mines have been on suspension or maintenance recently, resulted in declining supply. Meanwhile, the price level has reached the baseline for most miners, and any further decline in price is unlikely. Market commentators suggest domestic tungsten prices are likely to hold stable at the current level.
The domestic APT market is now stable with mainstream quotations standing between RMB 151,000~152,000/t.