Chinese APT prices keep increasing
2024-04-23 08:30:54 [Print]
BEJING (Asian Metal) 23 Apr 24 - Driven by increasing prices of tungsten concentrate, most suppliers of APT88.5%min keep raising their prices to avoid risk of increasing cost. Currently, the mainstream prices of Chinese APT88.5%min stand at RMB196,000-197,000/t(USD27,060-27,198/t) delivered D/P, up by RMB1,000/t (USD138/t) from the late of last week. Supported by firm cost of raw materials, insiders predict that the mainstream prices of Chinese APT88.5%min would increase further in the forthcoming week.
A trader in Jiangxi disclose that they don't offer for APT88.5%min now as prices of raw materials increase faster than APT88.5%min. For firm bids, they don't consider selling at prices below RMB198,000/t (USD27,336/t) delivered D/P now and last sold about 30t at RMB196,000/t (USD27,060/t) early of last week. The trader added, "Prices of tungsten concentrate WO3 55%min increase to RMB135,000/t (USD18,638/t) or above, most suppliers have no intentions to sell now as supply keep tight". Considering that prices of tungsten concentrate keep increasing now, the trader predicts that the mainstream prices of Chinese APT88.5%min would increase further in the forthcoming week.
With regular monthly sales of about 300t of APT 88.5%min, the trader expects to sell about 200t of the material this month, stable from last month. They totally sold around 2,100t of the material in 2023 . They hold no stock at the moment, unchanged from MoM.
Another trader in Jiangxi mentioned, "We refuse to offer actively for APT88.5%min now and even for firm bids, we have no intention to sell at prices below RMB200,000/t (USD27,612/t) delivered D/P. But we haven't closed any deals at such prices and last sold about 30t at RMB196,500/t (USD27,129/t) last week". The trader added that they hold the bullish attitudes towards the market as most suppliers of tungsten concentrate WO3 55%min prefer to raise their prices further and supply on the spot market keep tight. They predict that the mainstream prices of Chinese APT88.5%min would increase further in the forthcoming week.
With regular monthly sales of about 300t of APT 88.5%min, the trader expects to sell about 180t of the material this month, lower than the figure of about 250t last month. They totally sold around 2,300t of the material in 2023. They hold no stocks at the moment, in comparison to about 200t in the same period of last month.
A trader in Jiangxi disclose that they don't offer for APT88.5%min now as prices of raw materials increase faster than APT88.5%min. For firm bids, they don't consider selling at prices below RMB198,000/t (USD27,336/t) delivered D/P now and last sold about 30t at RMB196,000/t (USD27,060/t) early of last week. The trader added, "Prices of tungsten concentrate WO3 55%min increase to RMB135,000/t (USD18,638/t) or above, most suppliers have no intentions to sell now as supply keep tight". Considering that prices of tungsten concentrate keep increasing now, the trader predicts that the mainstream prices of Chinese APT88.5%min would increase further in the forthcoming week.
With regular monthly sales of about 300t of APT 88.5%min, the trader expects to sell about 200t of the material this month, stable from last month. They totally sold around 2,100t of the material in 2023 . They hold no stock at the moment, unchanged from MoM.
Another trader in Jiangxi mentioned, "We refuse to offer actively for APT88.5%min now and even for firm bids, we have no intention to sell at prices below RMB200,000/t (USD27,612/t) delivered D/P. But we haven't closed any deals at such prices and last sold about 30t at RMB196,500/t (USD27,129/t) last week". The trader added that they hold the bullish attitudes towards the market as most suppliers of tungsten concentrate WO3 55%min prefer to raise their prices further and supply on the spot market keep tight. They predict that the mainstream prices of Chinese APT88.5%min would increase further in the forthcoming week.
With regular monthly sales of about 300t of APT 88.5%min, the trader expects to sell about 180t of the material this month, lower than the figure of about 250t last month. They totally sold around 2,300t of the material in 2023. They hold no stocks at the moment, in comparison to about 200t in the same period of last month.
