China Commodity Marketplace
With tightening supply, tungsten concentrate suppliers are holding firm, awaiting further price increases. At present, wolframite (65% WO3) mainstream quotations have climbed to RMB87,000~89,000/standard t; scheelite (65% WO3) is at RMB 86,000~88,000/standard t and tungsten concentrates (50~55% grade) at RMB 83,000~85,000/standard t. Domestic concentrate prices have soared to RMB90,000/standard t level- a sales target set by miners; however market commentators are at variance as to whether prices will trend up further in the short-term.
Domestic APT prices have been on the rise from a high level, seeing mainstream quotations lifting to RMB133,000~138,000/t with some exceeding RMB140,000/t. However, with downstream demand remaining weak and rapidly surging prices, buyers are cautious. Buyers are typically restocking to feed normal daily operations and remain reluctant to buy in bulk, resulting in high APT quotations but sparse market transactions.
