Asian Metal News
Mainstream APT prices are standing at RMB 179,500~180,500/t propped by strong tungsten concentrates prices, continuing stable w-o-w. Industry insiders forecast domestic APT prices to remain firm this week backed by production costs.
An APT producer in Jiangxi says they sold 30 tonnes of APT at RMB 180,000/t last week and that bargaining was not acceptable. Designed with 8 ktpy capacity, the producer made 6 kt of APT in 2022 and has made 4.2 kt in the year to date. They produced 550 tonnes of APT in September 2023 and currently hold no stock. They have no intention of dropping the price below RMB 180,000/t except for long-term contract deals.
According to another APT producer in Jiangxi, few inquiries have been received this week, but they sold 30 tonnes of APT at RMB 181,000/t in their last transaction. Designed with 5 ktpy capacity, the producer has made 3.5 kt of APT in 2022 and 1.9 kt in the year to date. They produced 300 tonnes of APT in August 2023 and currently hold no stock.