Chinese tungsten carbide powder price goes up
2015-12-09 08:49:58 [Print]
BEIJING (Asian Metal) 9 Dec 15 - Sources in tungsten carbide powder market of China noted that the dealing price went up this week due to increasing APT prices. Although terminal demand remains sluggish and cannot push up the price greatly, more and more producers lift offers slightly according to higher tungsten concentrate and APT prices.
A producer based in South China who has an annual production capacity of 3,000 tons revealed that they sold 20t of medium-sized tungsten carbide powder at RMB145/kg (USD22.8/kg) early this week, up by 3/kg (USD0.5/kg) from that of early last week. Some producers in local market even refuse bids which are lower than RMB150/kg (USD23.6/kg) in the spot market at present. “There are few purchasing activities in spot market, and we cannot accept more new orders if we cannot make sure of the raw materials supply,” said the source, adding that they only have APT stocks which can only last for half a month. If they don’t purchase cheaper raw materials, they will stop production next month.
According to him, the prevailing prices for APT 88.5%min increased to RMB92,000-95,000/t (USD163-169/kg), up by RMB3,000/t (USD5/mtu) from those of last week. Therefore, it is hard to reduce their production cost for tungsten carbide powder. The plant produced 100t of tungsten carbide powder in November. They have no stocks so that they cease quotations in the spot market.
A North China-based producer with an annual production capacity of 1,200tons claimed that the mainstream prices of medium-sized tungsten carbide powder increased to RMB144-147/kg (USD22.6-23.1/kg), up by RMB3/kg (USD0.5/kg) from those of last week, but few deals were concluded at this price level. The demand from terminal consumers remains dull, and the source only holds orders which can last until the end of December. “Tungsten carbide powder price increases according to higher APT price. As current APT offer is around RMB95,000/t (USD169/mtu) and it shows upward trend in near term, the medium-sized tungsten carbide powder cost is at least RMB150/kg (USD23.6/kg),” said the source, adding that they mainly arrange production according to orders from regular clients and hold no stocks at present.
Without sufficient orders from end users, most cemented carbide producers rebuild tungsten carbide powder stocks from hand to mouth. Although the demand has no improvement, the source will raise their offers further because of higher raw material price. As they don’t have enough raw materials, the plant produced 50 tons of medium-sized tungsten carbide powder in November.
A producer based in South China who has an annual production capacity of 3,000 tons revealed that they sold 20t of medium-sized tungsten carbide powder at RMB145/kg (USD22.8/kg) early this week, up by 3/kg (USD0.5/kg) from that of early last week. Some producers in local market even refuse bids which are lower than RMB150/kg (USD23.6/kg) in the spot market at present. “There are few purchasing activities in spot market, and we cannot accept more new orders if we cannot make sure of the raw materials supply,” said the source, adding that they only have APT stocks which can only last for half a month. If they don’t purchase cheaper raw materials, they will stop production next month.
According to him, the prevailing prices for APT 88.5%min increased to RMB92,000-95,000/t (USD163-169/kg), up by RMB3,000/t (USD5/mtu) from those of last week. Therefore, it is hard to reduce their production cost for tungsten carbide powder. The plant produced 100t of tungsten carbide powder in November. They have no stocks so that they cease quotations in the spot market.
A North China-based producer with an annual production capacity of 1,200tons claimed that the mainstream prices of medium-sized tungsten carbide powder increased to RMB144-147/kg (USD22.6-23.1/kg), up by RMB3/kg (USD0.5/kg) from those of last week, but few deals were concluded at this price level. The demand from terminal consumers remains dull, and the source only holds orders which can last until the end of December. “Tungsten carbide powder price increases according to higher APT price. As current APT offer is around RMB95,000/t (USD169/mtu) and it shows upward trend in near term, the medium-sized tungsten carbide powder cost is at least RMB150/kg (USD23.6/kg),” said the source, adding that they mainly arrange production according to orders from regular clients and hold no stocks at present.
Without sufficient orders from end users, most cemented carbide producers rebuild tungsten carbide powder stocks from hand to mouth. Although the demand has no improvement, the source will raise their offers further because of higher raw material price. As they don’t have enough raw materials, the plant produced 50 tons of medium-sized tungsten carbide powder in November.
Tungsten Powder 99.95%min 2.5-7.0μm EXW China
Unit:RMB/kg
China tungsten carbide producers' output statistics by province by month
Unit: mt
