Chinese tungsten carbide powder price declines
2015-11-04 08:56:52 [Print]
BEIJING (Asian Metal) 4 Nov 15 - Market participants told Asian Metal that Chinese tungsten carbide powder market remains quiet as most consumers are cautious to make purchases. The mainstream prices for medium-sized tungsten carbide powder slid to RMB138-141/kg (USD21.7-22.1/kg) early this week, down by RMB2/kg (USD0.3/kg) from those of last week. Insiders predicted that demand will keep soft in the following days.
A tungsten carbide powder producer based in South China who has an annual production capacity of 3,000 tons claimed that the demand of tungsten carbide powder is weak, as few consumers have intention to rebuild stocks in advance. They lowered their offer for medium-sized tungsten carbide by RMB2/kg (USD0.3/kg) to promote sales early this week compared with last week, however, they did not make any new deals. “We offer medium-sized tungsten carbide powder at RMB140/kg (USD22.0/kg) now because of high production cost, however, as consumers do not accept this price, it is hard to make new deals ,” said the source, adding that the plant produces 200tpm of tungsten carbide powder.
The source revealed that they run at 80% of full production capacity now. As the price of tungsten carbide powder shows downtrend, most consumers are cautious to make purchases. According the source, the price of tungsten carbide powder will continue to drop in the future.
A tungsten carbide powder producer based in South China with a monthly production volume of 200 tons noted that the domestic tungsten carbide powder market is sluggish, and the price shows downtrend due to fierce competitions among suppliers. The mainstream prices for medium-sized tungsten carbide powder slid to RMB138-141/kg (USD21.7-22.1/kg) early this week, down by RMB2/kg (USD0.3/kg) from those of last week. “We produce medium-sized tungsten carbide for self-use instead of selling in the spot market because of poor profits,” said the source, reveling that they will arrange production according to orders from end users and hold no stocks in hand.
Owing to the decreasing sales volume of downstream products, the market still keeps sluggish and the demand for tungsten carbide powder will not improve in short term. According to the source, they will watch the market in the coming week.
A tungsten carbide powder producer based in South China who has an annual production capacity of 3,000 tons claimed that the demand of tungsten carbide powder is weak, as few consumers have intention to rebuild stocks in advance. They lowered their offer for medium-sized tungsten carbide by RMB2/kg (USD0.3/kg) to promote sales early this week compared with last week, however, they did not make any new deals. “We offer medium-sized tungsten carbide powder at RMB140/kg (USD22.0/kg) now because of high production cost, however, as consumers do not accept this price, it is hard to make new deals ,” said the source, adding that the plant produces 200tpm of tungsten carbide powder.
The source revealed that they run at 80% of full production capacity now. As the price of tungsten carbide powder shows downtrend, most consumers are cautious to make purchases. According the source, the price of tungsten carbide powder will continue to drop in the future.
A tungsten carbide powder producer based in South China with a monthly production volume of 200 tons noted that the domestic tungsten carbide powder market is sluggish, and the price shows downtrend due to fierce competitions among suppliers. The mainstream prices for medium-sized tungsten carbide powder slid to RMB138-141/kg (USD21.7-22.1/kg) early this week, down by RMB2/kg (USD0.3/kg) from those of last week. “We produce medium-sized tungsten carbide for self-use instead of selling in the spot market because of poor profits,” said the source, reveling that they will arrange production according to orders from end users and hold no stocks in hand.
Owing to the decreasing sales volume of downstream products, the market still keeps sluggish and the demand for tungsten carbide powder will not improve in short term. According to the source, they will watch the market in the coming week.
Tungsten Powder 99.95%min 2.5-7.0μm EXW China
Unit:RMB/kg
China tungsten carbide producers' inventory statistics by province by month
Unit: mt
