Tungsten APT smelters quote high for export
2005-08-09 11:42:47 【Print】
BEIJING (Asian Metal) 9 Aug 05 – Although APT price in European spot market is below USD200/kg now, but Chinese smelters still quote high price for export.
According to a sales executive from Jiangxi APT smelter, “we have to sell over USD220/kg, otherwise we cannot get the license to export.” The smelter quotes its APT at around RMB135,000/t (USD188/mtu) in the domestic market, but no deal was conclued recently.
Another Jiangxi smelter told Asian Metal that it quotes USD220/mtu for APT export. “The license cost around RMB10,000/t (USD1,233/t),” said a manager,“Our domestic price is around RMB135,000/t (USD188/mtu), and you have to add license and freight to the cost. It is impossible for us to offer under USD200/kg," adding,“at least not for short-term customers.”
“We did not conclude new deals these days,” said the source. “We are carrying out long-term contracts at the moment, with prices concluded between USD240-270/mtu.”
A manager of a Guangdong smelter said: “We negotiate with our customers about the price, but lower than USD200/mtu is under our bottom line.” The smelter consumes most of its APT for downstream production.
According to the sources, they holds optimistic attitude towards the market. “I think the market is getting better. Our smelter also produces tungsten carbide, and we got many inquires these days. The market of downstream products is getting more active, so the upstream materials market will not stay quiet for very long,”said one of the sources.
According to a sales executive from Jiangxi APT smelter, “we have to sell over USD220/kg, otherwise we cannot get the license to export.” The smelter quotes its APT at around RMB135,000/t (USD188/mtu) in the domestic market, but no deal was conclued recently.
Another Jiangxi smelter told Asian Metal that it quotes USD220/mtu for APT export. “The license cost around RMB10,000/t (USD1,233/t),” said a manager,“Our domestic price is around RMB135,000/t (USD188/mtu), and you have to add license and freight to the cost. It is impossible for us to offer under USD200/kg," adding,“at least not for short-term customers.”
“We did not conclude new deals these days,” said the source. “We are carrying out long-term contracts at the moment, with prices concluded between USD240-270/mtu.”
A manager of a Guangdong smelter said: “We negotiate with our customers about the price, but lower than USD200/mtu is under our bottom line.” The smelter consumes most of its APT for downstream production.
According to the sources, they holds optimistic attitude towards the market. “I think the market is getting better. Our smelter also produces tungsten carbide, and we got many inquires these days. The market of downstream products is getting more active, so the upstream materials market will not stay quiet for very long,”said one of the sources.
