Chinese APT prices keep firm
2024-03-07 08:23:24 [Print]
BEIJING (Asian Metal) 7 Mar 24 - Due to tight supply or raw materials, most suppliers of APT88.5%min keep their prices firm. Currently, the mainstream prices of Chinese APT88.5%min stand at RMB183,500-184,500/t (USD25,489-25,628/t) delivered D/P from early this week. Considering that most suppliers held few stocks and intend to keep their prices firm under the pressure of cost, insiders predict that the mainstream prices of Chinese APT88.5%min would stay firm in the coming week.
A producer in Jiangxi indicated that they had no intentions to sell any APT88.5%min at prices lower than RMB185,000/t(USD25,697/t), but they failed as most consumers just mainly purchased in orders or by long-term contract now. The trader added, "We last sold about 30t at RMB183,000/t (USD25,420/t) delivered D/P last week and just carried the long-term contract since then". The trader added they hold no stocks of APT88.5%min now and prices of tungsten concentrate keep increasing. Under the strong pressure of cost, the producer predicts that the mainstream prices of Chinese APT88.5%min would stay firm in the coming week.
With an annual production capacity of 5,000t of APT88.5%min, the producer produced about 3,000t of the material in 2023, expecting to produce around 200t this month, unchanged from last month. They hold no stock for the time being, basically in line with last month.
Another producer in Jiangxi mentioned, "We have no quotation of APT88.5%min right now as we have no stocks presently". The producer added they don't accept to sell any materials at prices below RMB184,500/t (USD25,628/t) delivered D/P now and they didn't sell since early this week. They last sold about 30t at RMB183,000/t (USD25,420/t) last week. Prices of tungsten concentrate WO3 55%min increased to RMB125,000/t (USD17,363/t) this week, compared with RMB124,000/t (USD17,224/t) last week. Meanwhile, most suppliers hold bullish attitudes towards the market. Due to firm cost, the producer predicts that the mainstream prices of Chinese APT88.5%min would stay firm in the coming week.
Based on an annual production capacity of 6,000t of APT88.5%min, the producer produced about 5,500t last year. They expect to produce about 500t in March, and produced about 300t last month, and hold no stock now, unchanged from last month.
A producer in Jiangxi indicated that they had no intentions to sell any APT88.5%min at prices lower than RMB185,000/t(USD25,697/t), but they failed as most consumers just mainly purchased in orders or by long-term contract now. The trader added, "We last sold about 30t at RMB183,000/t (USD25,420/t) delivered D/P last week and just carried the long-term contract since then". The trader added they hold no stocks of APT88.5%min now and prices of tungsten concentrate keep increasing. Under the strong pressure of cost, the producer predicts that the mainstream prices of Chinese APT88.5%min would stay firm in the coming week.
With an annual production capacity of 5,000t of APT88.5%min, the producer produced about 3,000t of the material in 2023, expecting to produce around 200t this month, unchanged from last month. They hold no stock for the time being, basically in line with last month.
Another producer in Jiangxi mentioned, "We have no quotation of APT88.5%min right now as we have no stocks presently". The producer added they don't accept to sell any materials at prices below RMB184,500/t (USD25,628/t) delivered D/P now and they didn't sell since early this week. They last sold about 30t at RMB183,000/t (USD25,420/t) last week. Prices of tungsten concentrate WO3 55%min increased to RMB125,000/t (USD17,363/t) this week, compared with RMB124,000/t (USD17,224/t) last week. Meanwhile, most suppliers hold bullish attitudes towards the market. Due to firm cost, the producer predicts that the mainstream prices of Chinese APT88.5%min would stay firm in the coming week.
Based on an annual production capacity of 6,000t of APT88.5%min, the producer produced about 5,500t last year. They expect to produce about 500t in March, and produced about 300t last month, and hold no stock now, unchanged from last month.
