Chinese tungsten carbide powder prices relatively stable
2023-03-02 11:55:54 [Print]
BEIJING (Asian Metal) 2 Mar 23 - Given firm APT88.5%min prices, Chinese tungsten carbide powder suppliers keep their prices unchanged this week. But downstream consumers show weak demand and prefer to wait on the sidelines. Current mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm stay relatively stable at RMB269-271/kg (USD39.01-39.30/kg) delivered D/A 180 days, unchanged from early this week. Given dim end demand, insiders believe that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would show a generally downward trend in the coming week.
A producer in South China said, "We now quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB272/kg (USD39.45/kg) delivered D/A 180 days and refuse to sell at below RMB270/kg (USD39.16/kg) even to clients with real intention to buy. We sold around 10t at RMB270/kg (USD39.16/kg) this week." According to the producer, this week APT88.5%min prices stabilize at RMB179,000/t (USD25,953/t) delivered D/P, below which it is hard to buy the material as most producers keep their offers firm. Given firm raw material prices, the producer also keeps his prices unchanged this week. But most consumers maintain only hand-to-mouth purchases and the market sees limited deals. In view of generally inactive end demand, the producer believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would show a downward trend on the whole in the coming week.
With an annual production capacity of 5,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the source produced about 4,800t in total last year and expects to produce about 400t this March, compared with 360t last month. He holds no stock in hand now, the same as a month ago.
Another producer in South China said, "Our current offer for tungsten carbide powder 99.8%min 2.5-7.0μm stays unchanged from early this week at RMB270/kg (USD39.16/kg) delivered D/A 180 days and we can sell at RMB269/kg (USD39.01/kg) to regular clients. We sold around 10t at RMB269/kg (USD39.01/kg) this week." According to the producer, the tungsten carbide powder market is inactive now. He sold only about 20t so far this week, compared with normal weekly sales of around 40t. As downstream cemented carbide prices lack upward momentum, plants are cautious in purchasing raw materials; meanwhile, this week APT88.5%min prices stay firm at around RMB179,000/t (USD25,953/t) delivered D/P. For these reasons, the source keeps his offer unmoved this week. But in view of weak end demand, he believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would show a generally downward trend in the coming week.
With an annual production capacity of 3,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the source produced about 2,500t in total last year and expects to produce about 200t this March, compared with 180t last month. He holds no stock in hand now, unchanged MOM.
A producer in South China said, "We now quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB272/kg (USD39.45/kg) delivered D/A 180 days and refuse to sell at below RMB270/kg (USD39.16/kg) even to clients with real intention to buy. We sold around 10t at RMB270/kg (USD39.16/kg) this week." According to the producer, this week APT88.5%min prices stabilize at RMB179,000/t (USD25,953/t) delivered D/P, below which it is hard to buy the material as most producers keep their offers firm. Given firm raw material prices, the producer also keeps his prices unchanged this week. But most consumers maintain only hand-to-mouth purchases and the market sees limited deals. In view of generally inactive end demand, the producer believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would show a downward trend on the whole in the coming week.
With an annual production capacity of 5,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the source produced about 4,800t in total last year and expects to produce about 400t this March, compared with 360t last month. He holds no stock in hand now, the same as a month ago.
Another producer in South China said, "Our current offer for tungsten carbide powder 99.8%min 2.5-7.0μm stays unchanged from early this week at RMB270/kg (USD39.16/kg) delivered D/A 180 days and we can sell at RMB269/kg (USD39.01/kg) to regular clients. We sold around 10t at RMB269/kg (USD39.01/kg) this week." According to the producer, the tungsten carbide powder market is inactive now. He sold only about 20t so far this week, compared with normal weekly sales of around 40t. As downstream cemented carbide prices lack upward momentum, plants are cautious in purchasing raw materials; meanwhile, this week APT88.5%min prices stay firm at around RMB179,000/t (USD25,953/t) delivered D/P. For these reasons, the source keeps his offer unmoved this week. But in view of weak end demand, he believes that mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would show a generally downward trend in the coming week.
With an annual production capacity of 3,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the source produced about 2,500t in total last year and expects to produce about 200t this March, compared with 180t last month. He holds no stock in hand now, unchanged MOM.
