Chinese APT market witnesses strong watchful sentiments
2023-03-15 11:59:11 [Print]
BEIJING (Asian Metal) 15 Mar 23 - As APT88.5%min prices show a downward trend on the whole, the market sees strong watchful sentiments and downstream clients are inactive in making purchases. Mainstream prices for Chinese APT 88.5%min now stay at RMB176,500-177,500/t (USD25,699-25,844/t) delivered D/P, down slightly by RMB500/t (USD72.80/t) from late last week. Given that raw material prices stay firm on the Chinese domestic market while spot supply is tight, insiders believe that prices for Chinese APT 88.5%min would stay unchanged in the coming week.
A trader in South China said, "This week We quote APT88.5%min at RMB177,000/t (USD25,772/t) delivered D/P, but downstream consumers maintain only hand-to-mouth purchases, so the market sees inactive deals. So far this week we received only two enquiries and most consumers prefer to wait on the sidelines owing to weak demand." The trader concluded no spot deals so far this week and last sold around 30t at RMB178,000/t (USD25,917/t) one week ago. According to the trader, tungsten concentrate prices stay firm now. The most competitive quotation he receives now for tungsten concentrate WO3 55%min stays firm at over RMB115,000/t (USD16,744/t), and market supply of the material is limited on the whole. Considering that raw material supply is generally tight and suppliers intend to keep prices firm, the trader believes that prices for Chinese APT88.5%min would remain stable in the coming week.
With a typical monthly trading volume of 300t of APT 88.5%min, the trader expects to sell about 300t this month, compared with around 400t in February. He sold about 3,000t in total last year and holds around 100t of stocks in hand now, the same as a month ago.
Another trader in South China said, "Now we quote APT 88.5%min at RMB178,000/t (USD25,917/t) delivered D/P and can sell at RMB177,000/t (USD25,772/t) to clients with real intention to buy. But downstream consumers hold strong watchful sentiments as they worry that prices might go down further owing to weak end demand. The APT market sees inactive deals." The trader concluded no spot deals so far this week and last sold around 30t at RMB178,000/t (USD25,917/t) late last week. According to the trader, downstream consumers show low interest in making purchases now, but raw material purchasing is difficult. This week tungsten concentrate WO3 55%min prices edge down, but it is still hard to buy it at below RMB115,000/t (USD16,744/t). Given firm raw material prices, the trader believes that prices for Chinese APT88.5%min would level off in the coming week.
With a typical monthly trading volume of 200t of APT 88.5%min, the trader expects to sell about 200t this month, compared with around 300t in February. He sold about 2,500t in total last year and holds no stocks now, unchanged MOM.
A trader in South China said, "This week We quote APT88.5%min at RMB177,000/t (USD25,772/t) delivered D/P, but downstream consumers maintain only hand-to-mouth purchases, so the market sees inactive deals. So far this week we received only two enquiries and most consumers prefer to wait on the sidelines owing to weak demand." The trader concluded no spot deals so far this week and last sold around 30t at RMB178,000/t (USD25,917/t) one week ago. According to the trader, tungsten concentrate prices stay firm now. The most competitive quotation he receives now for tungsten concentrate WO3 55%min stays firm at over RMB115,000/t (USD16,744/t), and market supply of the material is limited on the whole. Considering that raw material supply is generally tight and suppliers intend to keep prices firm, the trader believes that prices for Chinese APT88.5%min would remain stable in the coming week.
With a typical monthly trading volume of 300t of APT 88.5%min, the trader expects to sell about 300t this month, compared with around 400t in February. He sold about 3,000t in total last year and holds around 100t of stocks in hand now, the same as a month ago.
Another trader in South China said, "Now we quote APT 88.5%min at RMB178,000/t (USD25,917/t) delivered D/P and can sell at RMB177,000/t (USD25,772/t) to clients with real intention to buy. But downstream consumers hold strong watchful sentiments as they worry that prices might go down further owing to weak end demand. The APT market sees inactive deals." The trader concluded no spot deals so far this week and last sold around 30t at RMB178,000/t (USD25,917/t) late last week. According to the trader, downstream consumers show low interest in making purchases now, but raw material purchasing is difficult. This week tungsten concentrate WO3 55%min prices edge down, but it is still hard to buy it at below RMB115,000/t (USD16,744/t). Given firm raw material prices, the trader believes that prices for Chinese APT88.5%min would level off in the coming week.
With a typical monthly trading volume of 200t of APT 88.5%min, the trader expects to sell about 200t this month, compared with around 300t in February. He sold about 2,500t in total last year and holds no stocks now, unchanged MOM.
