Some traders were dumping tungsten concentrate and APT at Hunan and Jiangxi last weekend, which worried some participants. The mainstream market was not moved, only a few traders and APT producers were offering. The fluctuation in the tungsten market was reasonable as companies had to pay their debts at the end of the year.

　　The tungsten market was stable generally. Few mines were operating as there were atmosphere were negative, which alleviated the financial problems. There would be no more dumping as mines were resolute to come back to cost level. Many traders put their money on goods, so transaction was reasonable.

　　APT market also saw some active sales last week. Some producers were not having their money back as the cash flow was tight in the downstream market. On another hand, some APT producers were making offers influenced by sentiment. A while ago, the APT offers were going up as producers were holding back which resulted in fewer orders. The sentiment of producers with inventories were easily moved by the market. Many APT traders were changing their attitude from holding back to offering materials. As there were fewer actual trasaction done, the price was somewhat sliding from CNY 100,000/ton to CNY 98,000-99,000/ton. The difference of the tungsten powder market was not obvious, after all, transations were either done or still hesitating.