Asian Metal News
Most APT suppliers raised their prices this week driven by the rising price of tungsten concentrate. Mainstream APT prices are standing at RMB 181,000~182,000/t, up by RMB 500/t w-o-w. Industry insiders forecast domestic APT prices to hold at the current level next week.
An APT producer in Jiangxi revealed that they are offering APT at RMB 182,000/t onsite by cash at present and are unwilling to sell at any lower price. The producer sold 30 tonnes of APT to a regular client at RMB 181,500/t and there were no transactions at RMB 182,000/t. The producer added that tungsten concentrate supply is likely to continue tightening before the Chinese New Year. Most tungsten concentrate suppliers are maintaining their tungsten (55% WO3) price at RMB 122,000/t and were willing to accept the price at RMB 121,500/t last week. Although most consumers lack confidence in the market, considering the stable prices of tungsten concentrate, the Jiangxi producer forecast APT prices to hold at the current level next week. Designed with 15 ktpy capacity, the producer made 1 kt of APT in December 2023, expects 900 tonnes in January 2024 and currently holds no stock.
An APT producer in Henan disclosed that they are offering APT at RMB 182,000/t onsite by cash, but that there were no transactions at this price. They sold 30 tonnes of APT to a regular client at RMB 181,000/t last week. The producer is optimistic about the market, because with Chinese New Year approaching, tungsten concentrate supply is tightening and most suppliers currently hold limited inventory. They forecast the APT price to remain stable next week. Designed with 8 ktpy capacity, the producer made 550 tonnes of APT in December 2023, expects 300 tonnes in January 2024 and currently holds no stock.