Chinese tungsten oxide prices on the decline
2014-11-04 08:40:46 [Print]
BEIJING (Asian Metal) 4 Nov 14 - Chinese domestic tungsten oxide 99.95%min market sees decreasing prices as most consumers from tungsten powder and consumers from cemented carbide industry have no intention to make purchases at the moment.
A source from a tungsten oxide factory with a production volume of 200tpm in South China expressed that they have received rare inquiries for tungsten oxide in the spot market. They quote RMB182,000/t (USD297/mtu) for tungsten oxide 99.95%min now, down by RMB1,000/t (USD1.6/mtu) from that of last week. However, most consumers refrain from making purchases and refuse to accept current prices.
The source said that domestic cemented carbide industry remains soft, so tungsten oxide market continues to show soft tendency. Otherwise, tungsten concentrate and APT prices are on the decline, and tungsten oxide prices face downward pressure.
A South China-based consumer whose consumption volume is 10tpm told Asian Metal that Chinese tungsten oxide 99.95%min prices are on the decline in the spot market, so they are cautious about placing orders. With rare orders in hand, they don’t need to rebuild stocks in the near term. He said they don’t worry about the supply as many suppliers are in a hurry to sell the material.
“I heard that some traders in Ganzhou would like to accept prices lower than RMB180,000/t (USD293/mtu) for tungsten oxide 99.95%min by cash payment,” said the source, who prefers to watch the market in the near term.
A source from a tungsten oxide factory with a production volume of 200tpm in South China expressed that they have received rare inquiries for tungsten oxide in the spot market. They quote RMB182,000/t (USD297/mtu) for tungsten oxide 99.95%min now, down by RMB1,000/t (USD1.6/mtu) from that of last week. However, most consumers refrain from making purchases and refuse to accept current prices.
The source said that domestic cemented carbide industry remains soft, so tungsten oxide market continues to show soft tendency. Otherwise, tungsten concentrate and APT prices are on the decline, and tungsten oxide prices face downward pressure.
A South China-based consumer whose consumption volume is 10tpm told Asian Metal that Chinese tungsten oxide 99.95%min prices are on the decline in the spot market, so they are cautious about placing orders. With rare orders in hand, they don’t need to rebuild stocks in the near term. He said they don’t worry about the supply as many suppliers are in a hurry to sell the material.
“I heard that some traders in Ganzhou would like to accept prices lower than RMB180,000/t (USD293/mtu) for tungsten oxide 99.95%min by cash payment,” said the source, who prefers to watch the market in the near term.
Tungsten Oxide WO3 99.95%min EXW China
Unit:RMB/mt
China APT Producers' inventory statistics by province by month
Unit: mt
