Chinese tungsten market stages minor recovery after steady decline

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.
"Concentrates with prices below 76,000 yuan per tonne are not available in the market now. Mining companies won't sell at a loss," a trader said.

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