Chinese APT prices rise again

BEIJIGN (Asian Metal) 8 Dec 05 – Starting this week, China’s APT price kept at the bullish trend. Consumers reported yesterday a price of RMB165,000/t (USD231/mtu) in domestic market, compared to RMB160,000/t (USD224/mtu) at the beginning of December.

Meanwhile, producers reported to Asian Metal that APT export price has got back to USD260/mtu this week, stirred up by the markup in domestic market.

A sales official of a top Chinese smelter told Asian Metal, “Because of the concentrate markup, we raised the price of APT to USD260-265/mtu FOB.”

Late November, the source once worried that the export price might drop to below USD250/mtu because of the sliding trend of ore in domestic market.

“Ore suppliers raised the price suddenly that hit the market prices,” said the source. Meanwhile, he revealed that the domestic market supply is tight on the price level of RMB165,000/t (USD231/mtu) at the moment.Asian Metal Copyright Meanwhile, he revealed that the domestic market supply is tight on the price level of RMB165,000t USD231mtu at the moment.Asian Metal Copyright

A Chinese consumer complained about the tight market. “We just purchased a small quantity of APT at the price of RMB165,000/t [USD231/mtu] this week from Ganzhou, Jiangxi Province, compared to the last deal of RMB155,000/t [USD217/mtu] in mid-November,” he said.Asian Metal Copyright” The consumer anticipated that in mid-November that the price of APT would decline to RMB150,000t USD210mtu in domestic market, but the result was the opposite.Asian Metal Copyright

“I can’t anticipate the market trend anymore,” said the source, “It’s different from the passing years.” The consumer anticipated that in mid-November that the price of APT would decline to RMB150,000/t (USD210/mtu) in domestic market, but the result was the opposite.