Chinese APR market quiet
2017-03-24 09:43:51 [Print]
BEIJING (Asian Metal) 24 Mar 17 - As market demand remains weak, Chinese APR market keeps quiet and producers have difficulty in concluding deals at present. Currently, the mainstream prices for Chinese APR 99%min are in the range of RMB6,300-6,500/kg (USD914-943/kg) EXW D/P, unchanged from those of last week. It is predicted that prices for the material will level off as major producers are in no hurry to sell.
An APR producer in South China noted that they have failed to conclude any deals so far this year as demand shows no signs of reviving. “At present, we quote RMB6,300/kg (USD914/kg) EXW D/P for APR 99.95%min with no transactions being sealed. The last deal of 50kg was concluded at the end of last year at RMB6,000/kg (USD871/kg) EXW D/P,” said the source, adding that they are in no hurry to sell their stocks as APR is only a by-product of their main ores.
With an annual production capacity of 600kg of APR, the producer will have a total output of about 50kg in March, up by 10kg from February. They have less than 3t of stocks at the moment.
Another APR producer in South China said that the mainstream prices for domestic APR 99%min hover at RMB6,300-6,500/kg (USD914-943/kg) EXW D/P currently, the same with those of last week, but they have almost concluded no transactions due to soft demand from downstream buyers. “We received rare inquiries for APR recently. In addition, our main ore production is influenced by the environmental inspections, so is our APR production line. We decide to cease APR production for a while this year,” said the source, revealing that they have not concluded any deals this year with one stock in hand. They refuse to sell their stock at price lower than RMB6,500/kg (USD943/kg) EXW D/P.
With an annual production capacity of 400kg of APR, the plant has not yet resumed production as downstream demand is still weak and prices remain at a low level. They prefer to watch the future market.
An APR producer in South China noted that they have failed to conclude any deals so far this year as demand shows no signs of reviving. “At present, we quote RMB6,300/kg (USD914/kg) EXW D/P for APR 99.95%min with no transactions being sealed. The last deal of 50kg was concluded at the end of last year at RMB6,000/kg (USD871/kg) EXW D/P,” said the source, adding that they are in no hurry to sell their stocks as APR is only a by-product of their main ores.
With an annual production capacity of 600kg of APR, the producer will have a total output of about 50kg in March, up by 10kg from February. They have less than 3t of stocks at the moment.
Another APR producer in South China said that the mainstream prices for domestic APR 99%min hover at RMB6,300-6,500/kg (USD914-943/kg) EXW D/P currently, the same with those of last week, but they have almost concluded no transactions due to soft demand from downstream buyers. “We received rare inquiries for APR recently. In addition, our main ore production is influenced by the environmental inspections, so is our APR production line. We decide to cease APR production for a while this year,” said the source, revealing that they have not concluded any deals this year with one stock in hand. They refuse to sell their stock at price lower than RMB6,500/kg (USD943/kg) EXW D/P.
With an annual production capacity of 400kg of APR, the plant has not yet resumed production as downstream demand is still weak and prices remain at a low level. They prefer to watch the future market.
