Domestic APT Output is Expected to Decline Further in July

SHANGHAI, July 12 (SMM) - SMM data shows that in June 2022, the domestic APT output was 12,520 mt, a drop of 10% on the month.

According to SMM, due to the weak domestic dwnstream and terminal demand and the firm raw material prices of raw materials, APT smelters in Jiangxi and Hunan suffered losses. Therefore, the smelters mainly suspended the production for maintenance and adjusted the production lines. Some smelters in south China also suspended the production for nearly a week due to the heavy rain.  To sum up, the domestic APT output in June decreased by more than 1,000 mt compared with the normal level.

According to SMM, a smelter in Jiangxi has suspended the production for a one-month maintenance due to industrial line upgrades. Most private smelters also plans to reduce the production due to the tight raw material supply. A small amount of smelters have not resumed to normal production yet and are temporarily unable to supply products. To sum up, it is expected that domestic APT output will continue to decline in July, and there may be a supply gap of more than 1,000 mt in the market.