Chinese APT prices down slightly
2023-04-07 11:52:17 [Print]
BEIJING (Asian Metal) 7 Apr 23 - Restricted by soft demand in the terminal market, downstream consumers are cautious about purchasing APT 88.5%min in the Chinese market this week, so prices of the material show a downward trend. Mainstream prices of Chinese APT 88.5%min stand at RMB173,500-174,500/t (USD25,223-25,368/t) delivered D/P currently, down by about RMB500/t (USD72.69/t) from late last week. In view of soft demand in the terminal market and inactive purchases, insiders predict that mainstream prices of Chinese APT 88.5%min would go down further in the coming week.
A producer in South China said, "We now quote RMB174,500/t (USD25,367/t) delivered D/P for APT 88.5%min and could accept the price of RMB174,000/t (USD25,295/t) for firm orders but with no deals concluded in the recent two days. We once sold about 20t of the material at RMB174,500/t (USD25,367/t) early this week." As most downstream consumers only refill stocks based on orders with a cautious attitude, the producer mainly makes deliveries for long-term orders at present with limited spot deals. In view of inactive deals in the market on the whole, the producer predicts that mainstream prices of Chinese APT 88.5%min would go down slightly in the coming week.
With an annual production capacity of 14,000t of APT 88.5%min, the producer produced about 8,000t of the material in 2022 and expects that the output in April 2023 would be around 750t, in comparison to about 770t last month. They hold about 200t of stocks for the time being, steady MOM.
Another producer in South China said, "We now quote RMB174,000/t (USD25,295/t) delivered D/P for APT 88.5%min and could give the price of RMB173,500/t (USD25,221/t) for firm orders but with no deals concluded so far this week. We once sold about 30t of the material at RMB174,000/t (USD25,295/t) early this week." As downstream consumers take a strong wait-and-see attitude against the backdrop of soft demand in the market overall, the producer mainly makes deliveries for long-term orders this week. They received an enquiry from a client earlier this week and quoted RMB174,000/t (USD25,295/t), but didn't conclude the deal at last as the client was bearish about the market outlook and even offered RMB173,000/t (USD25,148/t). Given inactive deals in the market, the producer forecasts that mainstream prices of Chinese APT 88.5%min would show a downward trend in the coming week.
With an annual production capacity of 8,000t of APT 88.5%min, the producer produced about 5,000t of the material in 2022 and expects that the output in April 2023 would be around 500t, in comparison to about 460t last month. They hold no stocks at the moment, unchanged MOM.
A producer in South China said, "We now quote RMB174,500/t (USD25,367/t) delivered D/P for APT 88.5%min and could accept the price of RMB174,000/t (USD25,295/t) for firm orders but with no deals concluded in the recent two days. We once sold about 20t of the material at RMB174,500/t (USD25,367/t) early this week." As most downstream consumers only refill stocks based on orders with a cautious attitude, the producer mainly makes deliveries for long-term orders at present with limited spot deals. In view of inactive deals in the market on the whole, the producer predicts that mainstream prices of Chinese APT 88.5%min would go down slightly in the coming week.
With an annual production capacity of 14,000t of APT 88.5%min, the producer produced about 8,000t of the material in 2022 and expects that the output in April 2023 would be around 750t, in comparison to about 770t last month. They hold about 200t of stocks for the time being, steady MOM.
Another producer in South China said, "We now quote RMB174,000/t (USD25,295/t) delivered D/P for APT 88.5%min and could give the price of RMB173,500/t (USD25,221/t) for firm orders but with no deals concluded so far this week. We once sold about 30t of the material at RMB174,000/t (USD25,295/t) early this week." As downstream consumers take a strong wait-and-see attitude against the backdrop of soft demand in the market overall, the producer mainly makes deliveries for long-term orders this week. They received an enquiry from a client earlier this week and quoted RMB174,000/t (USD25,295/t), but didn't conclude the deal at last as the client was bearish about the market outlook and even offered RMB173,000/t (USD25,148/t). Given inactive deals in the market, the producer forecasts that mainstream prices of Chinese APT 88.5%min would show a downward trend in the coming week.
With an annual production capacity of 8,000t of APT 88.5%min, the producer produced about 5,000t of the material in 2022 and expects that the output in April 2023 would be around 500t, in comparison to about 460t last month. They hold no stocks at the moment, unchanged MOM.
