APT price rocketing up
2005-01-21 10:04:42 【Print】
BEIJING(Asian Metal) 21-Jan-05 According to some market participants in China, the current APT price has jumped up to around rmb75,000/t this week from the previous level of rmb72,000/t, due to the soaring tungsten concentrates prices in Chinese market.
A Hunan based APT producer told Asian Metal that, it concluded a deal at the price of rmb75000/t in recent two days. "Due to the current tight supply of tungsten concentrate and its rocketing price in domestic market, APT price has climbed up a lot recently," said the producer.
At the same time, some Chinese producers remarked that they are unwilling to sell APT at the current level, for the APT price is estimated to increase further. A Guangxi based producer, which is fulfilling its contracts signed with buyers at the beginning of this month, noted that it would push up the price to rmb77000/t in the following contracts with domestic buyers.
A Shandong based producer even claimed that it would not like to contract even at the price of as high as rmb80,000/t now, since he believed that APT prices would breach rmb80,000/t after Spring Festival.
Generally, most producers are waiting for a buoyant market of APT in the forthcoming months, in view of the tight supply.
A Hunan based APT producer told Asian Metal that, it concluded a deal at the price of rmb75000/t in recent two days. "Due to the current tight supply of tungsten concentrate and its rocketing price in domestic market, APT price has climbed up a lot recently," said the producer.
At the same time, some Chinese producers remarked that they are unwilling to sell APT at the current level, for the APT price is estimated to increase further. A Guangxi based producer, which is fulfilling its contracts signed with buyers at the beginning of this month, noted that it would push up the price to rmb77000/t in the following contracts with domestic buyers.
A Shandong based producer even claimed that it would not like to contract even at the price of as high as rmb80,000/t now, since he believed that APT prices would breach rmb80,000/t after Spring Festival.
Generally, most producers are waiting for a buoyant market of APT in the forthcoming months, in view of the tight supply.
