Chinese APT prices increase sharply
2024-04-25 08:12:45 [Print]
BEIJING (Asian Metal) 25 Apr 24 - As prices of tungsten concentrate increase fast and most suppliers refuse to offer now. Currently, the mainstream prices of Chinese APT88.5%min increase to RMB201,000-202,000/t (USD27,739-27,877/t) delivered D/P, up by RMB4,000/t (USD276/t) from late last week. Considering that supply of raw materials keep tight and most suppliers hold bullish attitudes towards the market, insiders predict that the mainstream prices of Chinese APT88.5%min would increase further in the coming week.
A producer in Jiangxi disclose that they refuse to sell APT88.5%min at prices below RMB202,000/t (USD27,877/t) delivered D/P and they don't sell any materials now as they failed to refill any raw materials this week. The producer added, "We last sold about 30t at RMB201,000/t (USD27,739/t) late last week and last sold about 30t at RMB198,000/t (USD27,325/t) early last week". The producer added that prices increase so fast as most suppliers of raw materials refuse to offer now. Supply of raw materials keep tight and prices keep increasing, the producer have no intention to sell and predicts that the mainstream prices of Chinese APT88.5%min would go up in the forthcoming week.
With an annual production capacity of 6,000t of APT88.5%min, they produced about 6,000t in 2023 and produced about 400t in April. They now hold no inventory of APT88.5%min, unchanged from a month ago.
A producer in Henan mentioned, "We have no quotation for APT88.5%min now. Even for firm bids, we have no plan to sell at prices below RMB200,000/t (USD27,601/t) delivered D/P now and we last sold about 30t at RMB197,000/t(USD27,187/t) last week". The producer added that they receive many inquiries from clients who are worried that prices would increase further in the coming week. While as prices of tungsten concentrate keep increasing, they have no plan to sell now. Driven by increasing prices of tungsten concentrate, the producer predicts that the mainstream prices of Chinese APT88.5%min would increase further in the forthcoming week.
With an annual production capacity of 6,000t of APT88.5%min, the producer expects to produce about 550t this month and produced about 600t last month. They produced about 7,500t in 2023, holding no stocks in hand now, the same as a month ago.
A producer in Jiangxi disclose that they refuse to sell APT88.5%min at prices below RMB202,000/t (USD27,877/t) delivered D/P and they don't sell any materials now as they failed to refill any raw materials this week. The producer added, "We last sold about 30t at RMB201,000/t (USD27,739/t) late last week and last sold about 30t at RMB198,000/t (USD27,325/t) early last week". The producer added that prices increase so fast as most suppliers of raw materials refuse to offer now. Supply of raw materials keep tight and prices keep increasing, the producer have no intention to sell and predicts that the mainstream prices of Chinese APT88.5%min would go up in the forthcoming week.
With an annual production capacity of 6,000t of APT88.5%min, they produced about 6,000t in 2023 and produced about 400t in April. They now hold no inventory of APT88.5%min, unchanged from a month ago.
A producer in Henan mentioned, "We have no quotation for APT88.5%min now. Even for firm bids, we have no plan to sell at prices below RMB200,000/t (USD27,601/t) delivered D/P now and we last sold about 30t at RMB197,000/t(USD27,187/t) last week". The producer added that they receive many inquiries from clients who are worried that prices would increase further in the coming week. While as prices of tungsten concentrate keep increasing, they have no plan to sell now. Driven by increasing prices of tungsten concentrate, the producer predicts that the mainstream prices of Chinese APT88.5%min would increase further in the forthcoming week.
With an annual production capacity of 6,000t of APT88.5%min, the producer expects to produce about 550t this month and produced about 600t last month. They produced about 7,500t in 2023, holding no stocks in hand now, the same as a month ago.
