Chinese APT prices keep increasing
2024-04-17 08:30:57 [Print]
BEIJING (Asian Metal) 17 Apr 24 - As prices of tungsten concentrate keep increasing now and most of suppliers of raw materials hold strong intention to keep their prices firm. Currently, the mainstream prices of Chinese APT88.5%min stand at RMB193,000-194,000/t (USD26,660-26,799/t) delivered D/P, up by RMB1,000/t (USD138/t) from early this week. Considering that most factories hold no stocks and pressure of tungsten concentrate keep firm, insiders predict that the mainstream prices of Chinese APT88.5%min would increase slightly in the coming week.
A producer in Jiangxi indicated, "We don't offer actively for APT88.5%min now as prices of tungsten concentrate keep increasing now. Even for firm bids, we have no intentions to sell any materials at prices below RMB194,000/t (USD26,799/t) now and we last sold about 32t at RMB193,500/t (USD26,730/t) last week". The producer added that most suppliers of tungsten concentrate WO3 55%min keep their prices firm at RMB131,000/t (USD18,096/t) or above. Most suppliers refused to sell at any lower prices. Considering that prices of tungsten concentrate keep increasing which caused firm cost of raw materials, insiders predict that the mainstream prices of Chinese APT88.5%min would keep firm in the forthcoming 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 500t this month, unchanged MoM, and hold no stock now, steady MOM.
Another producer in Jiangxi mentioned that they refuse to offer for APT88.5%min this week as prices of tungsten concentrate keep increasing. They refuse to sell any materials at prices lower than RMB194,000/t (USD26,799/t) delivered D/P now and they last sold about 30t at RMB193,000/t (USD26,660/t) last week. The producer added, "We have to keep our prices firm as prices of tungsten concentrate keep stable now. And most suppliers hold bullish attitudes towards the market. They failed to purchase any tungsten concentrate WO3 55%min at prices below RMB131,000/t (USD18,096/t) since early this week". Supported by firm cost 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 5,000t of APT 88.5%min, the producer produced about 3,500t of the material in 2023. They expect to produce about 300t this month, unchanged MoM, and hold no stock now, steady MOM.
A producer in Jiangxi indicated, "We don't offer actively for APT88.5%min now as prices of tungsten concentrate keep increasing now. Even for firm bids, we have no intentions to sell any materials at prices below RMB194,000/t (USD26,799/t) now and we last sold about 32t at RMB193,500/t (USD26,730/t) last week". The producer added that most suppliers of tungsten concentrate WO3 55%min keep their prices firm at RMB131,000/t (USD18,096/t) or above. Most suppliers refused to sell at any lower prices. Considering that prices of tungsten concentrate keep increasing which caused firm cost of raw materials, insiders predict that the mainstream prices of Chinese APT88.5%min would keep firm in the forthcoming 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 500t this month, unchanged MoM, and hold no stock now, steady MOM.
Another producer in Jiangxi mentioned that they refuse to offer for APT88.5%min this week as prices of tungsten concentrate keep increasing. They refuse to sell any materials at prices lower than RMB194,000/t (USD26,799/t) delivered D/P now and they last sold about 30t at RMB193,000/t (USD26,660/t) last week. The producer added, "We have to keep our prices firm as prices of tungsten concentrate keep stable now. And most suppliers hold bullish attitudes towards the market. They failed to purchase any tungsten concentrate WO3 55%min at prices below RMB131,000/t (USD18,096/t) since early this week". Supported by firm cost 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 5,000t of APT 88.5%min, the producer produced about 3,500t of the material in 2023. They expect to produce about 300t this month, unchanged MoM, and hold no stock now, steady MOM.
