Chinese APT prices up
2023-04-23 11:09:26 [Print]
BEIJING (Asian Metal) 23 Apr 23 - Boosted by rising tungsten concentrate prices, this week Chinese APT 88.5%min prices further move up. Suppliers keep offers firm, and downstream consumers follow up to make purchases in view of limited raw material supply. Mainstream prices of Chinese APT 88.5%min stand at RMB176,000-177,000/t (USD25,533-25,678/t) delivered D/P currently, up by about RMB1,500/t (USD218/t) from late last week. In view of further rising raw material prices, most APT 88.5%minsuppliers hold back from selling, and insiders predict that mainstream prices of Chinese APT 88.5%min would go up further in the coming week.
A producer in South China said, "We do not take the initiative to provide quotations for APT 88.5%min at present in view of rapidly rising tungsten concentrate prices. But if there are clients with real intention to buy, we consider to sell at RMB178,000/t (USD25,823/t) delivered D/P and refuse to sell at below RMB177,000/t (USD25,678/t) even to regular clients. We made no sales in recent two days and last sold around 20t at RMB176,000/t (USD25,533/t) early this week." According to the producer, now downstream consumers are active in making purchases and many of them increase their purchase volumes in view of tight raw material supply, so the producer has no spot produces available for selling at present. Prices the source receives now for tungsten concentrate WO3 55%min already move up to RMB1.67/kg (USD0.242/kg) W Ex-VAT, and most raw material suppliers intend to hold back from selling. Given rising raw material prices, the producer believes that mainstream prices of Chinese APT 88.5%min would go up further in the coming week.
With an annual production capacity of 6,000t of APT 88.5%min, the producer produced about 4,500t of the material in 2022 and around 1,500t so far in 2023. He expects to produce about 450t in April 2023, unchanged MOM, and holds no stocks now, steady MOM.
A trader in South China said, "We can't provide quotations for APT 88.5%min at present. Given current tungsten concentrate prices, we refuse to sell APT 88.5%min at below RMB178,000/t (USD25,823/t), but clients have no intention to buy at higher than RMB177,000/t (USD25,678/t) now. We last sold around 30t at RMB175,000/t (USD25,387/t) late last week." According to the trader, the most competitive price he receives now for tungsten concentrate WO3 55%min moves up to RMB1.68/kg (USD0.244/kg) W Ex-VAT, equivalent to RMB118,000/t (USD17,119/t), while early this week suppliers kept their offers at RMB1.66/kg (USD0.241/kg) W Ex-VAT. Tungsten concentrate suppliers' holding back from selling makes it difficult for buyers to buy the material on the spot market, meanwhile, downstream consumers intend to make more purchases, so the trader believes that mainstream prices of Chinese APT 88.5%min would show a generally upward trend in the coming week.
With a typical monthly trade volume of 300t of APT 88.5%min, the trader sold about 3,200t of the material in 2022 and around 1,000t so far in 2023. He expects to sell about 300t in April 2023, unchanged MOM, and holds about 100t of stocks now, steady MOM.
A producer in South China said, "We do not take the initiative to provide quotations for APT 88.5%min at present in view of rapidly rising tungsten concentrate prices. But if there are clients with real intention to buy, we consider to sell at RMB178,000/t (USD25,823/t) delivered D/P and refuse to sell at below RMB177,000/t (USD25,678/t) even to regular clients. We made no sales in recent two days and last sold around 20t at RMB176,000/t (USD25,533/t) early this week." According to the producer, now downstream consumers are active in making purchases and many of them increase their purchase volumes in view of tight raw material supply, so the producer has no spot produces available for selling at present. Prices the source receives now for tungsten concentrate WO3 55%min already move up to RMB1.67/kg (USD0.242/kg) W Ex-VAT, and most raw material suppliers intend to hold back from selling. Given rising raw material prices, the producer believes that mainstream prices of Chinese APT 88.5%min would go up further in the coming week.
With an annual production capacity of 6,000t of APT 88.5%min, the producer produced about 4,500t of the material in 2022 and around 1,500t so far in 2023. He expects to produce about 450t in April 2023, unchanged MOM, and holds no stocks now, steady MOM.
A trader in South China said, "We can't provide quotations for APT 88.5%min at present. Given current tungsten concentrate prices, we refuse to sell APT 88.5%min at below RMB178,000/t (USD25,823/t), but clients have no intention to buy at higher than RMB177,000/t (USD25,678/t) now. We last sold around 30t at RMB175,000/t (USD25,387/t) late last week." According to the trader, the most competitive price he receives now for tungsten concentrate WO3 55%min moves up to RMB1.68/kg (USD0.244/kg) W Ex-VAT, equivalent to RMB118,000/t (USD17,119/t), while early this week suppliers kept their offers at RMB1.66/kg (USD0.241/kg) W Ex-VAT. Tungsten concentrate suppliers' holding back from selling makes it difficult for buyers to buy the material on the spot market, meanwhile, downstream consumers intend to make more purchases, so the trader believes that mainstream prices of Chinese APT 88.5%min would show a generally upward trend in the coming week.
With a typical monthly trade volume of 300t of APT 88.5%min, the trader sold about 3,200t of the material in 2022 and around 1,000t so far in 2023. He expects to sell about 300t in April 2023, unchanged MOM, and holds about 100t of stocks now, steady MOM.
