Tungsten concentrates and ammonium paratungstate (APT) prices in China inched up this week after declining steadily since early March, but whether this minor recovery turns into a uptrend depends greatly on downstream demand, market sources said.
Fastmarkets' weekly price assessment for tungsten concentrate 65% WO3, in-whs China was 76,000-77,000 yuan ($10,726-10,867) per tonne on Wednesday April 22, narrowing upward by 1,000 yuan per tonne from 75,000-77,000 yuan per tonne a week earlier.