Chinese APT Price Slipped, Following Its Raw Materials Cost

Ganzhou Tungsten Association issued its indication floor price of APT for September at RMB163,000/mt (USD26,721/mt, export duty excluded), but its real transaction price was RMB161,000-162,000/mt (USD26,393-26,557/mt, export duty excluded), as the demand was low. A Jiangxi APT supplier said eccentric drill bits that APT price dropped, following its raw materials cost. They dth drill bits had few orders of APT, mainly produced tungsten powder by themselves. Ganzhou Tungsten Association issued September W concentrates indication floor price at RMB105,000/mt (USD17,213/mt, export duty excluded), and Minmetals’ corresponding digit was RMB110,000/mt (USD18,032/mt, export duty excluded). W concentrates’ real transaction price was RMB103,000-104,000/mt (USD16,885-17,049/mt, export duty excluded). W concentrates supply was higher than demand, and miners had high stock, which co-together exerted downward pressure on price.   The tungsten rod sharpener Blog: https://neilmeroy.exblog.jp/