APT prices resumed their ascent in earnest last week. Metal
Bulletin assessed APT prices in a range of $218-226 per mtu,
cif Rotterdam, on Friday July 14, up from $215-227 per mtu a
week earlier. Buyers were bidding aggressively to secure
material, with bids reaching $224 as early as Wednesday, and
sellers offering limited validity on their offers. Over 200
tonnes of APT and oxide business was reported to Metal Bulletin
over the course of the week, with the effect of tightening the
nearby spot market, and making further price gains likely in
the coming weeks, sources said. "Buyers have swept up all the
prompt material or nearby on the water," a trader source said.
The forward supply...