February 3-7, 2025
This week, the average cost in the APT industry was 216,333 yuan/mt, the average profit was -3,416 yuan/mt, and the average profit margin was -1.60%. Due to tightening mine supply, upstream market sentiment of holding back sales to maintain prices became increasingly strong, keeping raw material prices firm. However, despite the market resuming operations, downstream demand has yet to show significant improvement, which limited the increase in APT prices and exacerbated the issue of price inversion faced by APT smelters.

![[Análisis de SMM] El precio del carbón se disparó, elevando el coste del calcio crudo](https://imgqn.smm.cn/usercenter/pAOxy20251217171725.jpg)

