China Commodity Marketplace
Domestic tungsten concentrate prices are holding firm on limited supply as a result of the NPC epidemic. Today, mainstream quotations of wolframite (65% WO3) stand at RMB91,000~93,000/t, scheelite (65% WO3) at RMB90,000~92,000/t and tungsten concentrates (50~55% WO3) at RMB88,000~89,000/t. Downstream tungsten smelters face increasing difficulties in replenishment at low prices, seeing actual transaction prices of standard grade tungsten concentrate lift to at least RMB90,000/t.
Mainstream APT quotations have climbed to RMB140,000~142,000/t due to increased raw material costs and a crunch in overall supply amid slow resumptions of several APT smelters after the holiday.