Tungsten smelters in no rush to buy
2005-06-09 10:25:25 【Print】
BEIJING (Asian Metal) 09 Jun 05 – With few stocks available, some tungsten smelters report that they are in no rush to purchase raw materials at the moment.
"We don’t plan on purchasing tungsten powder this month,” a sales manager from a cemented carbide smelter told Asian Metal. “We have around 50t of stockpiles adequate for two months production.”
The smelter usually consumes 30t of tungsten powder per month. “We’ve reduced production since mid-April,” said the source. “Now we consume 20t per month,” said the source.
The smelter’s current cemented carbide monthly output is around 20t, according to the manager.
The source believes that tungsten concentrate prices will remain steady at RMB125,000-128,000/t this week.
A manager from a tungsten powder smelter said, “Currently, we are in no rush to buy tungsten trioxide for we hold some stocks purchased for RMB240,000/t previously.”
However, current mainstream prices for tungsten trioxide prices are around RMB220,000/t, according to the source.
With a production capacity of 15tpm, the smelter’s current monthly output is 10t. “Some machines have malfunctioned, which has influenced the quality of the products,” said the source. “So we had to stop for repairs.”
The manager believes that the current market is unsteady and that the smelter would resume purchasing after some time.
"We’re watching and waiting for the market. In my opinion, tungsten concentrate prices may finally decrease to RMB110,000/t,” said the source.
"We don’t plan on purchasing tungsten powder this month,” a sales manager from a cemented carbide smelter told Asian Metal. “We have around 50t of stockpiles adequate for two months production.”
The smelter usually consumes 30t of tungsten powder per month. “We’ve reduced production since mid-April,” said the source. “Now we consume 20t per month,” said the source.
The smelter’s current cemented carbide monthly output is around 20t, according to the manager.
The source believes that tungsten concentrate prices will remain steady at RMB125,000-128,000/t this week.
A manager from a tungsten powder smelter said, “Currently, we are in no rush to buy tungsten trioxide for we hold some stocks purchased for RMB240,000/t previously.”
However, current mainstream prices for tungsten trioxide prices are around RMB220,000/t, according to the source.
With a production capacity of 15tpm, the smelter’s current monthly output is 10t. “Some machines have malfunctioned, which has influenced the quality of the products,” said the source. “So we had to stop for repairs.”
The manager believes that the current market is unsteady and that the smelter would resume purchasing after some time.
"We’re watching and waiting for the market. In my opinion, tungsten concentrate prices may finally decrease to RMB110,000/t,” said the source.
