Asian Metal News
Mainstream APT prices are standing at RMB 178,000~179,000/t, up by RMB 500/t w-o-w. Industry insiders forecast domestic APT prices to trend up next week backed by tightening spot supply.
An APT producer in south China disclosed the sale of 32 t of APT at RMB 179,000/t late last week and 32 tonnes at RMB 178,000/t early last week. They are unwilling to sell at lower price than RMB 179,000/t onsite by cash at present. A representative for the producer said, “The tungsten (55% WO3) price is more than RMB119,000/t at present and we bought 32 tonnes at RMB 118,500/t in the last transaction. Designed with 10 ktpy capacity, the producer produced 8.5 kt of APT in 2022 and has made 5.2 kt in the year to date. They produced 500 tonnes of APT in October 2023, expect 400 tonnes in November and currently hold 200 tonnes of APT in stock.
Another APT producer disclosed that they have no intention of dropping the price below RMB 179,000/t ex-works by cash at present and are not planning to sell on the spot market due to the strong tungsten concentrate price. The producer sold 30 tonnes of APT to a regular customer at RMB 178,500/t in their last transaction. Many inquiries have been received since last week, with customers expressing the intention to buy at RMB 178,500/t. However, the producer is unwilling to accept this price, as it’s difficult to make tungsten concentrate transactions at a price lower than RMB 119,000/t. Designed with 8 ktpy capacity, the producer produced 6 kt of APT in 2022 and has made 5.5 kt in the year to date. They produced 500 t of APT in October 2023, expect 400 t in November and currently hold no stock.