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    APT prices continue to drop

    2006-03-14 13:32:55   【Print】

    BEIJING (Asian Metal) 14 Mar 06 – Influenced by the price decrease of tungsten concentrate in China, APT prices fell to RMB190,000/t (USD267/mtu) ex works this week, compared to RMB195,000/t (USD274/mtu) ex works last week.

    However, Chinese producers insist on the export price of USD280/mtu FOB, which is difficult for western buyers to accept under the sliding trend.

    “We reduced the APT price to RMB188,000-190,000/t (USD264-267/mtu) ex works yesterday,” said an official of a Jiangxi-based smelter on Monday, which quoted its APT at RMB195,000/t (USD274/mtu) ex week last week.

    According to the source, the sheelite in Hunan fell to around RMB123,000/t (USD235/mtu) d.d.Asian Metal Copyright from Hunan early this month.Asian Metal Copyrightp.Asian Metal Copyright However, Chinese producers insist on the export price of USD280mtu FOB, which is difficult for western buyers to accept under the sliding trend.Asian Metal Copyright this week.

    The smelter purchased a batch of tungsten concentrate at RMB126,000/t (USD241/mtu) d.d.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright .Asian Metal Copyright from Hunan early this month.

    A tungsten smelter in Sichuan yesterday reported to Asian Metal that the smelter just purchased a batch of APT at RMB185,000/t (USD260/mtu) ex works from a long-termed supplier based-in Hunan province.

    .Asian Metal Copyright The smelter purchased a batch of tungsten concentrate at RMB126,000t USD241mtu dAsian Metal Copyright
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