At the same time, the slowly recovering APT export market has turned quiet once more, with China-based sources reporting fewer inquiries from overseas buyers.
Fastmarkets’ weekly price assessment for tungsten concentrate 65% WO3, in-whs China
, was 87,000-89,000 yuan ($12,863-13,159) per tonne on Wednesday, unchanged from the previous week.
Sources told Fastmarkets that some traders had sold off their concentrate stocks last week, which increased supply in the market and put a cap on further price increases.
“Some traders thought it was the right time to sell stocks when the price for tungsten concentrate, basis 55% WO3 reached 86,500 yuan per tonne, compared with their purchase price of below 80,000 yuan per tonne. The inflow of those concentrates...