Chinese APT prices down slightly
2023-03-09 11:59:53 [Print]
BEIJING (Asian Metal) 9 Mar 23 - Due to inactive demand in the terminal market, customers only purchase APT 88.5%min cautiously in the Chinese market currently, so mainstream prices move down slowly and suppliers have to make small concessions in prices to boost sales. Mainstream prices of Chinese APT 88.5%min stand at RMB177,500-178,500/t (USD25,472-25,616/t) delivered D/P currently, down by around RMB500/t (USD71.75/t) from late last week. In view of soft demand from consumers, who only keep purchasing from hand to mouth, insiders predict that mainstream prices of Chinese APT 88.5%min would decline further in the coming week.
A producer in South China said, "We quote RMB179,000/t (USD25,688/t) delivered D/P for APT 88.5%min at present and could give a discount of RMB500/t (USD71.75/t) to regular customers with real intention to sign orders, but we don't conclude any deals today as most downstream consumers only wait on the sidelines against the backdrop of sluggish market." According to the consumer, the domestic APT market sees slowdown in purchasing this week on the whole as most consumers only refill stocks based on orders as a result of sluggish demand in the terminal market. Restricted by soft demand in the terminal market, the producer expects that mainstream prices of Chinese APT 88.5%min would go down in the coming week.
With an annual production capacity of 10,000t of APT 88.5%min, the producer expects to sell about 800t of the material this month, in comparison to around 700t last month. They totally sold around 7,000t of the material in 2022 and hold about 200t of stocks for the time being, unchanged MOM.
Another producer in South China said, "We now temporarily stop making quotations for APT 88.5%min and could accept the price of RMB178,000/t (USD25,544/t) delivered D/P for firm orders without plans to sell the material at any lower prices, but most of our clients think the price is too high and just wait on the sidelines. We once sold about 30t of the material at RMB178,500/t (USD25,616/t) late last week." Owing to limited deals in the market on the whole, the producer expects to sell only about 40t of the material this week, while their weekly sales cold reach 100t or so in normal condition. Restricted by soft demand in the terminal market, consumers only keep purchasing APT 88.5%min in accordance with orders at the moment, resulting in limited deals in the market overall, so the producer predicts that mainstream prices of Chinese APT 88.5%min would go down further in the coming week.
With an annual production capacity of 5,000t of APT 88.5%min, the producer produced about 4,000t of the material in 2022 and expects that the output would be around 300t this month, higher than the figure of about 200t last month. They hold no spot stocks at the moment, unchanged MOM.
A producer in South China said, "We quote RMB179,000/t (USD25,688/t) delivered D/P for APT 88.5%min at present and could give a discount of RMB500/t (USD71.75/t) to regular customers with real intention to sign orders, but we don't conclude any deals today as most downstream consumers only wait on the sidelines against the backdrop of sluggish market." According to the consumer, the domestic APT market sees slowdown in purchasing this week on the whole as most consumers only refill stocks based on orders as a result of sluggish demand in the terminal market. Restricted by soft demand in the terminal market, the producer expects that mainstream prices of Chinese APT 88.5%min would go down in the coming week.
With an annual production capacity of 10,000t of APT 88.5%min, the producer expects to sell about 800t of the material this month, in comparison to around 700t last month. They totally sold around 7,000t of the material in 2022 and hold about 200t of stocks for the time being, unchanged MOM.
Another producer in South China said, "We now temporarily stop making quotations for APT 88.5%min and could accept the price of RMB178,000/t (USD25,544/t) delivered D/P for firm orders without plans to sell the material at any lower prices, but most of our clients think the price is too high and just wait on the sidelines. We once sold about 30t of the material at RMB178,500/t (USD25,616/t) late last week." Owing to limited deals in the market on the whole, the producer expects to sell only about 40t of the material this week, while their weekly sales cold reach 100t or so in normal condition. Restricted by soft demand in the terminal market, consumers only keep purchasing APT 88.5%min in accordance with orders at the moment, resulting in limited deals in the market overall, so the producer predicts that mainstream prices of Chinese APT 88.5%min would go down further in the coming week.
With an annual production capacity of 5,000t of APT 88.5%min, the producer produced about 4,000t of the material in 2022 and expects that the output would be around 300t this month, higher than the figure of about 200t last month. They hold no spot stocks at the moment, unchanged MOM.
