Chinese APT export price on the increase
2015-12-23 09:05:35 [Print]
BEIJING (Asian Metal) 23 Dec 15 - According to sources in Chinese APT export market, as domestic APT prices increased fast, major exporters raised their export offers accordingly. However, foreign consumers are cautious to rebuild raw material stocks, and are watching the market, so that there are almost no new deals concluded recently. Influenced by the Christmas and New Year Holiday, most insiders predicted that the Chinese APT export market will remain quiet in the next two weeks.
A major APT exporter in domestic market sold 20 tons of APT 88.5%min at USD180/mtu FOB China last week. They raised their offer further to USD185/mtu FOB China this week, but no new deals were concluded at the price. “Our consumers in Japan and USA have enough stocks on hand which will last for two or three months, so they are in no hurry to rebuild stocks in the following days,” said the source, adding that their monthly exporting volume is 2-3 containers per month and they hold no spot stocks now.
If terminal demand does not increase, the consumption for tungsten products is hard to improve. But as Chinese domestic APT 88.5%min prices go up to RMB100,000-102,000/t (USD175-179/mtu), the source prefers to insist on the current exporting price in near term.
Another APT producer with an annual production capacity of 5,000t in domestic market reported that Chinese APT export market is almost at a standstill, as most foreign consumers from Europe and USA stop purchasing due to the coming Christmas Holiday. “We have received some inquiries but their bidding prices are so low that we cannot accept. As a result, we have not concluded new deals so far this month,” said the source, adding that the export prices of APT 88.5%min increased to USD180-190/mtu, up by USD5/mtu from those of early last week. As Chinese APT prices are on the increase, the plant prefers to hold stocks and watch the market and is in no hurry to sell their materials in the export market. The supplier didn’t sell any APT in November and held no stocks in European warehouse.
Although consumers do not have big volume stocks on hand, they are in no hurry to make purchases because of sluggish terminal demand. The source predicted that the foreign demand will not improve before New Year Holiday. But the APT export offers will be expected to remain flat due to firm domestic APT prices.
A major APT exporter in domestic market sold 20 tons of APT 88.5%min at USD180/mtu FOB China last week. They raised their offer further to USD185/mtu FOB China this week, but no new deals were concluded at the price. “Our consumers in Japan and USA have enough stocks on hand which will last for two or three months, so they are in no hurry to rebuild stocks in the following days,” said the source, adding that their monthly exporting volume is 2-3 containers per month and they hold no spot stocks now.
If terminal demand does not increase, the consumption for tungsten products is hard to improve. But as Chinese domestic APT 88.5%min prices go up to RMB100,000-102,000/t (USD175-179/mtu), the source prefers to insist on the current exporting price in near term.
Another APT producer with an annual production capacity of 5,000t in domestic market reported that Chinese APT export market is almost at a standstill, as most foreign consumers from Europe and USA stop purchasing due to the coming Christmas Holiday. “We have received some inquiries but their bidding prices are so low that we cannot accept. As a result, we have not concluded new deals so far this month,” said the source, adding that the export prices of APT 88.5%min increased to USD180-190/mtu, up by USD5/mtu from those of early last week. As Chinese APT prices are on the increase, the plant prefers to hold stocks and watch the market and is in no hurry to sell their materials in the export market. The supplier didn’t sell any APT in November and held no stocks in European warehouse.
Although consumers do not have big volume stocks on hand, they are in no hurry to make purchases because of sluggish terminal demand. The source predicted that the foreign demand will not improve before New Year Holiday. But the APT export offers will be expected to remain flat due to firm domestic APT prices.
Tungsten APT 88.5%min In warehouse Rotterdam
Unit:USD/mtu
China APT Producers' inventory statistics by province by month
Unit: mt
