According to SMM statistics, China's APT production in July was approximately 10,300 mt, up 5.9% MoM.
In July, domestic APT spot inventory was at a low level, together with the demand for long-term contract deliveries, domestic APT smelters accelerated the resumption of production, driving the overall increase in APT output.
Entering August, the domestic APT market may see procurement demand after the end of overseas summer holidays and restocking demand from the downstream powder market. These factors will support further growth in APT production. According to SMM forecasts, domestic APT production in August is expected to continue to rise slightly.
