Chinese APT prices show downtrend
2013-12-25 08:48:07 [Print]
BEIJING (Asian Metal) 25 Dec 13 - Chinese APT market runs slowly this week. Owing to the few buying activities, the APT market keeps quiet. The APT market is hard to recover in a short time due to the soft demand from the downstream markets. The APT prices show downtrend, and the customers are still cautious in adding stocks at the end of year.
A source from an APT factory based in South China, with an output of around 180tpm, expressed that the offers for APT are at RMB177,000/t (USD329/mtu) this week, and few deals are concluded at the level. “The trading volume is small in the spot market, and as the demand is low, it is hard for the market to recover in a short time,” stated the source.
The source noted that the trading volume is small in the spot market. With weak demand and the coming holiday, most of the market participants are cautious about the future market. Looking ahead, he said that they will watch the market for a while, and mainly deal with the old orders in a short time.
A source from another APT factory based in South China, whose output is around 200tpm, noted that they make offers for APT at RMB180,000/t (USD335/mtu) this week, which decreased slightly compared with those of last week, but only a few deals are concluded at the level. The downstream demand is weak, and the market sees some offers at around RMB175,000/t (USD325/mtu) or lower as some suppliers decrease offers to obtain orders in the end of year.
The source said that the offers for APT are chaotic in the spot market. Looking ahead, he thinks that the APT market will be inactive this week as the demand from the downstream market is weak.
A source from an APT factory based in South China, with an output of around 180tpm, expressed that the offers for APT are at RMB177,000/t (USD329/mtu) this week, and few deals are concluded at the level. “The trading volume is small in the spot market, and as the demand is low, it is hard for the market to recover in a short time,” stated the source.
The source noted that the trading volume is small in the spot market. With weak demand and the coming holiday, most of the market participants are cautious about the future market. Looking ahead, he said that they will watch the market for a while, and mainly deal with the old orders in a short time.
A source from another APT factory based in South China, whose output is around 200tpm, noted that they make offers for APT at RMB180,000/t (USD335/mtu) this week, which decreased slightly compared with those of last week, but only a few deals are concluded at the level. The downstream demand is weak, and the market sees some offers at around RMB175,000/t (USD325/mtu) or lower as some suppliers decrease offers to obtain orders in the end of year.
The source said that the offers for APT are chaotic in the spot market. Looking ahead, he thinks that the APT market will be inactive this week as the demand from the downstream market is weak.
Tungsten APT 88.5%min EXW China
Unit:RMB/mt
China APT Producers' number MoM output increase statistics by province by month
Unit: pcs
