China Commodity Market Place
The domestic tungsten market saw some positive momentum this week, with tungsten concentrate holders and traders remaining firm on prices. As of end November, mainstream wolframite (65% WO3 grade) prices rose to RMB 85,000~86,000/t, scheelite (65% WO3 grade) prices rose to RMB 84,000~85,000/t and tungsten concentrates at (55% WO3 grade) were RMB 81,000~84,000/t.
The domestic APT market has recovered as well, with mainstream prices lifting to RMB127,000~129,000/t and spot transaction prices rebounding to RMB127,000/t. Domestic APT supply has dropped slightly following suspensions of several APT smelters. Meanwhile, the large producer long-term contract prices were on the rise during November.
