China Commodity Marketplace
Domestic tungsten miners are not interested in produce given prices being long lower than production costs; consequently they are reluctant to sell at low prices – instead hold firm on prices. At present, wolfram (65% grade) mainstream quotations are at RMB 72,000~74,000/standard t; sheelite (65% grade) is at RMB 71,000~73,000/standard t and tungsten concentrates (50~55% grade) at RMB 68,000~70,000/standard t.
The domestic APT market is now stable at low levels, with mainstream quotations standing between RMB 112,000~113,000/t. With prices much lower than production costs, APT smelters are not keen to sell, seeing spot transactions being closed at more than RMB 110,000/t in cash.
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