China's tungsten concentrate price has fallen steadily since Q4 in 2008 and by Q1 of this year the average offer of domestic tungsten concentrate had remained at CNY 60,200 to 61,900 per tonne, a fall of 32.81% year-on-year.
The price of APT and ferrotungsten have pointed to the same trend. In Q1 of 2009, the average price of APT remained at CNY 95,000 to 96,900 per tonne down 32% year-on-year and domestic ferrotungsten stayed at CNY 122,100 to 124,500 per tonne down 24.21% year-on-year.
Source: Steel Guru
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