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    Chinese APT prices up 3% this week

    2005-12-14 11:29:54   【Print】

    BEIJIGN (Asian Metal) 14 Dec 05 – China's APT prices rose 3 per cent this week following the increase of price two weeks ago, close sources reported yesterday.

    Consumers reported a price of RMB170,000/t (USD238/mtu) in domestic market, compared to RMB165,000/t (USD231/mtu) last week. A Chinese consumers said the smelter just purchased a batch of APT at RMB172,000/t (USD241/mtu) ex works.Asian Metal CopyrightA Chinese consumer told Asian Metal that the concluded price of APT reached as high as RMB174,000t USD244mtu delivered to plant.Asian Metal Copyright

    Meanwhile, producers reported to Asian Metal that APT export quotation is still in limited due to the speculation of the remove of 8 per cent rebate next year.

    A sales official of a Chinese smelter said, “The price of APT has been raised to RMB170,000/t [USD238/mtu] ex works because of the shortage of tungsten concentrate.” The price of the concentrate is at RMB110,000/t (USD210/mtu) at the moment, rose 4.Asian Metal Copyright” The price of the concentrate is at RMB110,000t USD210mtu at the moment, rose 4.Asian Metal Copyright8 per cent early December.Asian Metal Copyright8 per cent early December.Asian Metal Copyright

    “Because of the rebate , we have stopped quotation since last week,” said the source. The smelter now delivers the material at USD255/mtu FOB in accordance with contract signed before.

    A Chinese consumer told Asian Metal that the concluded price of APT reached as high as RMB174,000/t (USD244/mtu) delivered to plant. “In order to complete the contract, we have to purchase the raw material now,” he said.

    .Asian Metal CopyrightA Chinese consumer told Asian Metal that the concluded price of APT reached as high as RMB174,000t USD244mtu delivered to plantAsian Metal Copyright
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