Chinese APT prices increase slightly
2024-03-14 08:26:21 [Print]
BEIJING (Asian Metal) 14 Mar 24 - Due to increasing prices of tungsten concentrate, most suppliers of APT88.5%min raise their prices accordingly. Currently, the mainstream prices of Chinese APT88.5%min stand at RMB184,500-185,500/t (USD25,650-25,789/t) delivered D/P, up by RMB500/t (USD69.5/t) from early this week. Considering that there showed limited orders due to weak demand, insiders predict that the mainstream prices of Chinese APT88.5%min would stay unchanged in the coming week.
A producer in Hunan indicated, "We offered about RMB186,000/t (USD25,859/t) delivered D/P for APT88.5%min without any more concessions, we last sold about 60t at RMB186,000/t (USD25,859/t) yesterday. We last sold about 30t at RMB185,000/t (USD25,720/t) last week". The producer added that the supply of raw materials keep tight and most suppliers held back from selling with firm prices. Meanwhile, they hold limited stocks now and they have no intentions to promote for sales. However, few clients prefer to refill their stocks now, the producer predict that the mainstream prices of Chinese APT88.5%min would stay firm in the forthcoming week.
With an annual production capacity of 15,000t of APT 88.5%min, the producer expects to produce about 1,300t of the material this month and produced about 500t last month. They produced about 12,000t in 2023. They hold no stocks in hand, unchanged from last month.
Another trader in Jiangxi disclosed, "We quoted APT88.5%min at about RMB186,000/t (USD25,859/t) delivered D/P and have no intention to sell at lower prices. They we sold about 20t at RMB186,000/t early this week, while we could accept to sell a RMB185,500/t (USD25,789/t) late last week when we sold 30t". The trader added that they have no choice to keep their prices firm as prices of tungsten concentrate WO3 55%min keep increasing and they last purchased about 30t at RMB125,000/t (USD17,378/t) early this week. Due to firm cost of raw materials, the trader predicts that the mainstream prices of Chinese APT88.5%min would keep stable in the coming week.
With a regular monthly trading volume of around 300t of APT88.5%min, the trader expects to sell about 200t this month, compared with 100t last month, holding inventory of around 300t for the moment and 400t last month. They already sold roughly 3,000t totally in 2023.
A producer in Hunan indicated, "We offered about RMB186,000/t (USD25,859/t) delivered D/P for APT88.5%min without any more concessions, we last sold about 60t at RMB186,000/t (USD25,859/t) yesterday. We last sold about 30t at RMB185,000/t (USD25,720/t) last week". The producer added that the supply of raw materials keep tight and most suppliers held back from selling with firm prices. Meanwhile, they hold limited stocks now and they have no intentions to promote for sales. However, few clients prefer to refill their stocks now, the producer predict that the mainstream prices of Chinese APT88.5%min would stay firm in the forthcoming week.
With an annual production capacity of 15,000t of APT 88.5%min, the producer expects to produce about 1,300t of the material this month and produced about 500t last month. They produced about 12,000t in 2023. They hold no stocks in hand, unchanged from last month.
Another trader in Jiangxi disclosed, "We quoted APT88.5%min at about RMB186,000/t (USD25,859/t) delivered D/P and have no intention to sell at lower prices. They we sold about 20t at RMB186,000/t early this week, while we could accept to sell a RMB185,500/t (USD25,789/t) late last week when we sold 30t". The trader added that they have no choice to keep their prices firm as prices of tungsten concentrate WO3 55%min keep increasing and they last purchased about 30t at RMB125,000/t (USD17,378/t) early this week. Due to firm cost of raw materials, the trader predicts that the mainstream prices of Chinese APT88.5%min would keep stable in the coming week.
With a regular monthly trading volume of around 300t of APT88.5%min, the trader expects to sell about 200t this month, compared with 100t last month, holding inventory of around 300t for the moment and 400t last month. They already sold roughly 3,000t totally in 2023.
