China Commodity Marketplace
12PM, 17th September: The auction of Fanya’s (Pan-Asian) 28.3 kt APT stocks was completed on the auction platform of the Alibaba Judicial Network. The sales arm of China Moly Co. Ltd. won the bidding for 28.3 kt of APT, with a final transaction price at RMB3.268 bln(approximately RMB115,300/t) , an increase of 33.5% from the initial bid set of RMB2.448 bln (approximately RMB86,400/t).
Any consequent impact on the domestic APT market remains to be seen.
