Chinese APT market keeps quiet
2023-03-01 12:01:39 [Print]
BEIJING (Asian Metal) 1 Mar 23 - Prices for APT88.5%min remain unmoved on the whole this week. Supported by the firm price of raw material, APT88.5%min suppliers hold offers unchanged, while downstream consumers purchase inactively, leading to a slack market. Mainstream prices for Chinese APT88.5%min now stay soft at RMB178,500-179,500/t (USD25,778-25,923/t) delivered D/P, down slightly by RMB500/t (USD72.21/t) from late last week. In light of the weak demand from end users, insiders believe that prices for Chinese APT88.5%min would stay unchanged in the coming week despite that tungsten concentrate suppliers hold offers firm due to limited stocks.
A producer in South China said, "APT88.5%min market remains quiet now as most buyers take a wait-and-see attitude, with few deals closed. We now quote the material at RMB179,000/t (USD25,850/t) delivered D/P and would accept RMB178,500/t (USD25,778/t) for firm orders from regular clients. We didn't close any deals this week while last sold about 20t at RMB179,000/t (USD25,850/t) late last week". The producer added that they didn't receive any enquiry from their clients this week yet and most buyers remain cautious about prices above RMB179,000/t (USD25,850/t), so the market sees sporadic deals. Given the firm price of raw material, APT plants hold offers unmoved now. However, discouraged by the sluggish demand from end markets, the producer believes that prices for Chinese APT88.5%min would remain stable on the whole in the coming week.
With an annual production capacity of 8,000t of APT88.5%min, they expect to produce about 400t in February, compared with around 500t in January. They produced about 7,000t in total last year and plan to produce 5,000t this year. They have no stock in hand now, the same as a month ago.
Another producer in South China said, "Our offer for APT88.5%min stays at RMB179,000/t (USD25,850/t) delivered D/P, and for firm orders from regular clients, we refuse to accept prices lower than RMB178,500/t (USD25,778/t). We didn't close any deal this week and last sold about 20t at RMB179,000/t (USD25,850/t)". They explained that downstream market sees a strong wait-and-see sentiment, and buyers generally remain cautious towards purchasing. They offered RMB179,000/t (USD25,850/t) delivered D/P this week to a regular client who seemed indecisive and eventually chose to wait and see for a while. They mainly focus on long-term contract this week and they sold less than 64t in the past week. The producer added that the overall supply for tungsten concentrate remains tight with price staying firm, and the most competitive offers they got for tungsten concentrate WO3 55%min hover around RMB116,500/t (USD16,824/t). Given the firm price of raw material, they believe that prices for Chinese APT88.5%min would remain stable in the following week.
With a production capacity of 8,000tpy of APT88.5%min, they produced about 6,000t in 2022, and expect to produce 600t in February, up from 400t in January. They hold no stock in hand now, the same as one month earlier.
A producer in South China said, "APT88.5%min market remains quiet now as most buyers take a wait-and-see attitude, with few deals closed. We now quote the material at RMB179,000/t (USD25,850/t) delivered D/P and would accept RMB178,500/t (USD25,778/t) for firm orders from regular clients. We didn't close any deals this week while last sold about 20t at RMB179,000/t (USD25,850/t) late last week". The producer added that they didn't receive any enquiry from their clients this week yet and most buyers remain cautious about prices above RMB179,000/t (USD25,850/t), so the market sees sporadic deals. Given the firm price of raw material, APT plants hold offers unmoved now. However, discouraged by the sluggish demand from end markets, the producer believes that prices for Chinese APT88.5%min would remain stable on the whole in the coming week.
With an annual production capacity of 8,000t of APT88.5%min, they expect to produce about 400t in February, compared with around 500t in January. They produced about 7,000t in total last year and plan to produce 5,000t this year. They have no stock in hand now, the same as a month ago.
Another producer in South China said, "Our offer for APT88.5%min stays at RMB179,000/t (USD25,850/t) delivered D/P, and for firm orders from regular clients, we refuse to accept prices lower than RMB178,500/t (USD25,778/t). We didn't close any deal this week and last sold about 20t at RMB179,000/t (USD25,850/t)". They explained that downstream market sees a strong wait-and-see sentiment, and buyers generally remain cautious towards purchasing. They offered RMB179,000/t (USD25,850/t) delivered D/P this week to a regular client who seemed indecisive and eventually chose to wait and see for a while. They mainly focus on long-term contract this week and they sold less than 64t in the past week. The producer added that the overall supply for tungsten concentrate remains tight with price staying firm, and the most competitive offers they got for tungsten concentrate WO3 55%min hover around RMB116,500/t (USD16,824/t). Given the firm price of raw material, they believe that prices for Chinese APT88.5%min would remain stable in the following week.
With a production capacity of 8,000tpy of APT88.5%min, they produced about 6,000t in 2022, and expect to produce 600t in February, up from 400t in January. They hold no stock in hand now, the same as one month earlier.
