Chinese Ammonium Paratungstate (APT) Suppliers Hold offers Firm

Owing to the guiding prices, the APT suppliers hold offers firm and even raise APT prices slightly. But as the downstream customers are inactive in purchasing the materials, the APT market is still quiet this week.

One of APT suppliers based in Jiangxi, whose regular capacity is around 300 tons per months, noted that they are out of production now and they have no intention in resuming production in a short time owing to the unfavorable future market. The source revealed that the APT prices are around RMB176,000-178,000/t (USD316-319/mtu) now, and some offers are even higher. But only a few deals are concluded in small quantities.

The source told Chinatungsten Online that only some major buyers collect materials for pushing up prices, but downstream consumers refuse to accept the current price. Owing to the weak demand, it is unlikely for the APT prices to move up sharply in a short time. The source added that they will hold offers firm and watch the market for a while.

An end-user for APT in Fujian noted that they receive offers for APT at RMB176,000-178,000/t (USD316-319/mtu) this week, and some offers even move up to around RMB179,000-180,000/t (USD321-323/mtu). He added that they have some stocks in hand, and they have no intention in adding stocks in a hurry.

The source stated that the APT offers are chaotic in the spot market, and most of the APT suppliers hold offers firm and intend to increase prices. But as the demand from the domestic and overseas markets does not pick up, the APT prices are hard to increase to the guiding prices level. Furthermore, many downstream customers watch the market for a while, and the trading volume will keep small in the near future.

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