Domestic W price kept increasing for the market had been supported by Minmetals buying. At present, Chinese Tungsten concentrates price was RMB135,000/mt(USD21,774/mt) with some deals. APT quotation was set high according to Tungsten concentrates while the transaction volume was little. For Chinese W price all kept a high place, the market held a wait-and-see attitude and the export condition had been changed. Domastic FeW price rose to a certain extent, but the spot transaction is not much..
The current quotation of domestic APT was set in a range between RMB199,000-200,000/mt(USD32,097-32,258/mt), deals were not much. Domestic Tungsten concentrates transaction price was RMB130,000/mt(USD20,968/mt) which was a bit lower than market price, sources said. Chinese FeW price was RMB195,000-196,000/mt(USD31,452-31613/mt) with some purchase from steel miles.
European W price continued to increase since the severity of the production problems at YoungSun in Vietnam. At the same time, Chinese efforts to boost tungsten prices have had an impact on European FeW prices, traders said. The export price of FeW were climbing to USD55-56/kg. And Chinese exporter received more inquiries than last month. APT price were also inched up to USD385-390/mdu while there was little transaction.
Market outlook: Spot transactions were not much. W price had been in high position with little rising space.