The association expects APT prices to average 121,000 yuan ($17,254) per tonne in July, a decline of 1,000 yuan per tonne from an average price of 122,000 yuan per tonne in June
Sources told Fastmarkets that the lower forecast price reflects the current stalemate in China’s spot APT market.
“Those who need to deliver APT signed on long-term contracts will sell at 121,000 yuan per tonne. For spot trading, prices would be around 122,000-123,000 yuan per tonne. But the spot market is inactive because of limited downstream demand as...