Chinese tungsten carbide powder market sees slightly rising prices
2023-04-19 12:03:00 [Print]
BEIJING (Asian Metal) 19 Apr 23 - Boosted by rising APT 88.5%min prices, Chinese tungsten carbide power suppliers raise their prices accordingly, but as most consumers already finished replenishing stocks in early April, this week the market sees inactive deals. Current mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm stand at RMB263-266/kg (USD38.24-38.68/t) delivered D/A 180 days, up by round RMB2/kg (USD0.29/kg) from late last week. Given that most consumers maintain only hand-to-mouth purchases and the market sees inactive deals, insiders believe that prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would stabilize in the coming week.
A producer in South China said, "We quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB265/kg (USD38.53/kg) delivered D/A 180 days and would sell at RMB264/kg (USD38.38/kg) to regular clients with real intention to buy. We made no sales yet so far this week and last sold around 20t at RMB263/kg (USD38.24/kg) late last week." According to the producer, this week APT88.5%min prices move up to RMB176,000/t (USD25,591/t), but it is hard to buy at this level on the spot market and suppliers commonly keep their prices firm. Given rising costs, the source has to raise his price for tungsten carbide powder too. But this week the market sees notably slowing down transactions as consumers prefer to wait on the sidelines. Given firm raw material prices and inactive deals on the spot market, the producer believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would stay firm in the following week.
With an annual production capacity of 8,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the producer produced about 6,500t in total last year and 2,200t so far in 2023. He expects to produce about 550t in April, compared with around 500t last month, and currently holds no stock in hand, unchanged MOM.
Another producer in South China said, "We quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB266/kg (USD38.68/kg) delivered D/A 180 days and can sell at RMB265/kg (USD38.53/kg) to regular clients with real intention to buy. But this week the market sees inactive deals, while late last week we could sell at RMB263/kg (USD38.24/kg) and sold 20t at this price." According to the producer, boosted by rising APT88.5%min prices, he lifted his price for tungsten carbide powder 99.8%min 2.5-7.0μm accordingly since late last week, while most of his clients already finished purchasing when prices stood at around RMB260/kg (USD37.80/kg) and therefore this week market trading status is inactive. Given sluggish end demand, the producer believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would be relatively stable in the following week.
With an annual production capacity of 15,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the producer produced about 11,000t in total last year and 4,000t so far in 2023. He expects to produce about 900t in April, unchanged from last month, and currently holds about 500t of stocks in hand, unchanged MOM.
A producer in South China said, "We quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB265/kg (USD38.53/kg) delivered D/A 180 days and would sell at RMB264/kg (USD38.38/kg) to regular clients with real intention to buy. We made no sales yet so far this week and last sold around 20t at RMB263/kg (USD38.24/kg) late last week." According to the producer, this week APT88.5%min prices move up to RMB176,000/t (USD25,591/t), but it is hard to buy at this level on the spot market and suppliers commonly keep their prices firm. Given rising costs, the source has to raise his price for tungsten carbide powder too. But this week the market sees notably slowing down transactions as consumers prefer to wait on the sidelines. Given firm raw material prices and inactive deals on the spot market, the producer believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would stay firm in the following week.
With an annual production capacity of 8,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the producer produced about 6,500t in total last year and 2,200t so far in 2023. He expects to produce about 550t in April, compared with around 500t last month, and currently holds no stock in hand, unchanged MOM.
Another producer in South China said, "We quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB266/kg (USD38.68/kg) delivered D/A 180 days and can sell at RMB265/kg (USD38.53/kg) to regular clients with real intention to buy. But this week the market sees inactive deals, while late last week we could sell at RMB263/kg (USD38.24/kg) and sold 20t at this price." According to the producer, boosted by rising APT88.5%min prices, he lifted his price for tungsten carbide powder 99.8%min 2.5-7.0μm accordingly since late last week, while most of his clients already finished purchasing when prices stood at around RMB260/kg (USD37.80/kg) and therefore this week market trading status is inactive. Given sluggish end demand, the producer believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would be relatively stable in the following week.
With an annual production capacity of 15,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the producer produced about 11,000t in total last year and 4,000t so far in 2023. He expects to produce about 900t in April, unchanged from last month, and currently holds about 500t of stocks in hand, unchanged MOM.
