Chinese APT prices keep firm
2024-03-21 08:03:43 [Print]
BEIJING (Asian Metal) 21 Mar 24 - Supported by firm prices of tungsten concentrate, most suppliers of APT prefer to keep their prices firm while most consumers purchase inactively. Currently, the mainstream prices of Chinese APT88.5%min stood at RMB185,000-186,000/t (USD25,701-25,840/t) delivered D/P, stable from early this week. On account of firm cost of raw materials, insiders predict that the mainstream prices of Chinese APT88.5%min would keep firm in the coming week.
A producer in Jiangxi indicated, "We offered about RMB186,000/t (USD25,840/t) delivered D/P for APT88.5%min and could accept to sell at RMB185,500/t (USD25,770/t) for firm bids, we didn't sell any materials at such prices. We last sold about 32t at RMB185,000/t (USD25,701/t) last week". The producer explained that most clients prefer to purchase in orders and they prefer to keep their prices firm due to firm cost of raw materials. They last purchased about 30t of tungsten concentrate WO3 55%min at RMB125,000/t (USD17,365/t) last week. Supported by firm prices of raw materials, the producer predicts that the mainstream prices of Chinese APT88.5%min would keep firm 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 2023. They expect to produce about 380t this month, unchanged MOM, and hold no stock now, steady MOM.
Another producer in Jiangxi disclosed that they don't offer for APT88.5%min presently as they don't receive any inquiries from their clients. They can't accept to sell any APT88.5%min at prices below RMB186,000/t (USD25,840/t) delivered D/P even for firm bids, while few customers could accept to purchase at such prices level. The producer added, "We last sold about 32t of APT88.5%min at RMB185,500/t (USD25,770/t) early last week. Although some suppliers of tungsten concentrate could accept to sell some materials since last week but most of them prefer to keep their prices firm at RMB125,500/t (USD17,435/t) now". Supported by firm production cost, the producer predicts that mainstream prices of Chinese APT88.5%min would keep firm in the coming week.
With an annual production capacity of 5,000t of APT 88.5%min, the producer produced about 4,500t of the material in 2023. They expect to produce about 400t this month, unchanged MOM, and hold no stock now, steady MOM.
A producer in Jiangxi indicated, "We offered about RMB186,000/t (USD25,840/t) delivered D/P for APT88.5%min and could accept to sell at RMB185,500/t (USD25,770/t) for firm bids, we didn't sell any materials at such prices. We last sold about 32t at RMB185,000/t (USD25,701/t) last week". The producer explained that most clients prefer to purchase in orders and they prefer to keep their prices firm due to firm cost of raw materials. They last purchased about 30t of tungsten concentrate WO3 55%min at RMB125,000/t (USD17,365/t) last week. Supported by firm prices of raw materials, the producer predicts that the mainstream prices of Chinese APT88.5%min would keep firm 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 2023. They expect to produce about 380t this month, unchanged MOM, and hold no stock now, steady MOM.
Another producer in Jiangxi disclosed that they don't offer for APT88.5%min presently as they don't receive any inquiries from their clients. They can't accept to sell any APT88.5%min at prices below RMB186,000/t (USD25,840/t) delivered D/P even for firm bids, while few customers could accept to purchase at such prices level. The producer added, "We last sold about 32t of APT88.5%min at RMB185,500/t (USD25,770/t) early last week. Although some suppliers of tungsten concentrate could accept to sell some materials since last week but most of them prefer to keep their prices firm at RMB125,500/t (USD17,435/t) now". Supported by firm production cost, the producer predicts that mainstream prices of Chinese APT88.5%min would keep firm in the coming week.
With an annual production capacity of 5,000t of APT 88.5%min, the producer produced about 4,500t of the material in 2023. They expect to produce about 400t this month, unchanged MOM, and hold no stock now, steady MOM.
