China Commodity Marketplace
The domestic tungsten market remains stable at present, with concentrate holders keen to sell but unwilling to take low-level offers. Mainstream wolframe (65% grade) quotations are at RMB 92,000~93,000/standard t; scheelite (65% grade) is at RMB 91,000~92,000/standard t and tungsten concentrates (50~55% grade) at RMB 89,000~91,000/standard t. Downstream APT buyers are restocking according to fixed demand and are reluctant to take high-level concentrate offers. Transactions of domestic concentrates are slow, with a price stalemate at around RMB 90,000/t.
The domestic APT market is now stable with mainstream quotations standing between RMB 141,000~143,000/t. Some downstream carbide smelters are prepared to restock once prices drop further to RMB 140,000/t. However, APT smelters are unwilling to cut their sales offers, seeing actual transaction prices holding firm above RMB 140,000/t level.
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