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Chinese tungsten oxide export market sluggish

2019-04-30 15:51:38   【Print】
BEIJING (Asian Metal) 30 Apr 19 – At present, as overseas consumers tend to watch the market first and postpone substantial purchases, Chinese tungsten oxide export market keeps lackluster.Asian Metal Copyright "We currently quote for tungsten oxide 99.Asian Metal Copyright Mainstream export prices for Chinese tungsten oxide 99.95%min decreased to USD263-273/mtu FOB China, down by USD5/mtu from late last week.Asian Metal Copyright95%min decreased to USD263-273mtu FOB China, down by USD5mtu from late last week.Asian Metal Copyright As Chinese tungsten oxide export market only sees a few purchasing activities, insiders predict that export prices for Chinese tungsten oxide would show a downtrend the week after the May Day holiday.

A trader in South China stated that the export market of tungsten oxide is pretty sluggish at present. "We currently quote for tungsten oxide 99.95%min at USD263/mtu FOB China, down by USD5/mtu from last week.Asian Metal Copyright With a monthly trading volume of 400t, the trader expects to sell 200t in April, in line with last month due to the poor demand from downstream clients, holding about 20t of stocks in hand now.Asian Metal Copyright However, we didn't close deals today," he stated. In addition, he last sold 20t at USD268/mtu about 10 days ago.Asian Metal Copyright However, we didn't close deals today," he stated.Asian Metal Copyright The trader disclosed that their trade volume of tungsten oxide this month decreased by 50% compared with last month as purchasing activities are few in export market. He predicts that export prices for Chinese tungsten oxide would go down by USD3/mtu the week after the May Day holiday owing to the soft demand.

With a monthly trading volume of 40t, the trader sold 40t in March and expects 20t in April, without stock in hand at present.

Another trader in South China said, "We currently quote for tungsten oxide 99.95%min at USD268/mtu FOB China, and can accept a reduction of USD2/mtu for firm bids, down by USD2/mtu from last week. We sold 20t at USD266/mtu to a regular client today." In addition, he last sold 20t at USD268/mtu early last week.Asian Metal Copyright However, we didn't close deals today," he stated.Asian Metal Copyright He revealed that most overseas clients hold a watchful attitude and try to drive their quotations lower, and the deal volume is pretty small in export market. As prices for tungsten oxide in Chinese market still show a downtrend, he predicts that export prices for Chinese tungsten oxide would decline by USD2/mtu the week after the May Day holiday.

With a monthly trading volume of 400t, the trader expects to sell 200t in April, in line with last month due to the poor demand from downstream clients, holding about 20t of stocks in hand now.

.Asian Metal Copyright Mainstream export prices for Chinese tungsten oxide 99.Asian Metal Copyright