Chinese APT prices increase slightly
2024-04-22 08:31:17 [Print]
BEIJING (Asian Metal) 22 Apr 24 - Under the increasing cost from raw materials, most suppliers of APT88.5%min raise their prices further this week. Currently, the mainstream prices of Chinese APT88.5%min stand at RMB196,000-197,000/t (USD27,071-27,209/t) delivered D/P, up roughly by RMB1,000/t (USD138/t) from early this week. Considering of strong pressure from raw materials, insiders predict that the mainstream price of Chinese APT88.5%min would keep firm in the coming week.
A producer in Jiangxi said, "We have no offer for APT88.5%min at the moment as we have no stocks now. Meanwhile, prices of tungsten concentrate keep increasing. Even for firm bid, we have no intention to sell at prices below RMB198,000/t (USD27,347/t) delivered D/P". They last sold about 30t at RMB197,000/t (USD27,209/t) last week and didn't sell early this week. The producer added that the most competitive price of tungsten concentrate WO3 55%min increase to RMB133,000/t (USD18,369/t) this week and they last purchased about 30t at RMB131,000/t (USD18,093/t) last time. Under the strong pressure of tungsten concentrate, the producer predicts that the mainstream prices of Chinese APT88.5%min would keep firm in the forthcoming week.
With an annual production capacity of 8,000t of APT88.5%min, they produced about 6,000t in 2023. Their production in April is estimated at around 400t, on par with the previous month. They hold no stocks in hand now, the same as a month ago.
Another consumer in Hunan state, "We didn't purchase any APT88.5%min this week and most suppliers offer about RMB198,000/t (USD27,347/t) delivered D/P now, while most of them offer about RMB196,000/t (USD27,071/t) early this week". The consumer added that they last purchased about 30t at RMB193,000/t (USD26,656/t) two week ago. The demand from downstream doesn't pick up now and the orders keep soft. However, most suppliers prefer to keep their prices firm due to firm prices of tungsten concentrate, the consumer predicts that the mainstream prices of Chinese APT88.5%min would keep stable in the coming week.
With an annual consumption capacity of 2,000t of APT88.5%min, they consumed about 1,500t in 2023. Their output reached about 100t in April, stable from the prior month. They hold no inventory now, the same as one month earlier.
A producer in Jiangxi said, "We have no offer for APT88.5%min at the moment as we have no stocks now. Meanwhile, prices of tungsten concentrate keep increasing. Even for firm bid, we have no intention to sell at prices below RMB198,000/t (USD27,347/t) delivered D/P". They last sold about 30t at RMB197,000/t (USD27,209/t) last week and didn't sell early this week. The producer added that the most competitive price of tungsten concentrate WO3 55%min increase to RMB133,000/t (USD18,369/t) this week and they last purchased about 30t at RMB131,000/t (USD18,093/t) last time. Under the strong pressure of tungsten concentrate, the producer predicts that the mainstream prices of Chinese APT88.5%min would keep firm in the forthcoming week.
With an annual production capacity of 8,000t of APT88.5%min, they produced about 6,000t in 2023. Their production in April is estimated at around 400t, on par with the previous month. They hold no stocks in hand now, the same as a month ago.
Another consumer in Hunan state, "We didn't purchase any APT88.5%min this week and most suppliers offer about RMB198,000/t (USD27,347/t) delivered D/P now, while most of them offer about RMB196,000/t (USD27,071/t) early this week". The consumer added that they last purchased about 30t at RMB193,000/t (USD26,656/t) two week ago. The demand from downstream doesn't pick up now and the orders keep soft. However, most suppliers prefer to keep their prices firm due to firm prices of tungsten concentrate, the consumer predicts that the mainstream prices of Chinese APT88.5%min would keep stable in the coming week.
With an annual consumption capacity of 2,000t of APT88.5%min, they consumed about 1,500t in 2023. Their output reached about 100t in April, stable from the prior month. They hold no inventory now, the same as one month earlier.
