Chinese tungsten carbide powder market movement slow
2023-03-16 12:15:34 [Print]
BEIJING (Asian Metal) 16 Mar 23 - As the price of raw material softens, the spot market for tungsten carbide power remains slack on the whole with consumers just purchasing from hand to mouth. Current mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm stand at RMB265-268/kg (USD38.37-38.80/t) delivered D/A 180 days, down by RMB2/kg (USD0.29/kg) from late last week. Given the inactive demand from end market, some suppliers could accept a slight concession to promote sales. Therefore, insiders believe that prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would stay relatively soft in the coming week.
A producer in South China said, "The market for tungsten carbide powder 99.8%min 2.5-7.0μm saw slow movements during the past two weeks when consumers preferred to wait and see due to the sliding price, with few deals closed. We sold just 20-30t a week in the past two weeks, compared with our regular weekly sales of nearly 40-50t". The producer added that they expect to produce around 120t this month, against their regular monthly production of 150t, given the slack spot market. They claimed that they now quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB266/kg (USD38.51/kg) delivered D/A 180 days and would accept RMB265/kg (USD38.37/kg) for regular clients. They didn't close any deals today and last sold about 6t at RMB266/kg (USD38.51/kg) early this week, while they could still sold 8t at RMB268/kg (USD38.80/kg) late last week. In light of the weak demand, they believe that overall prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would remain flat in the following week.
With an annual production capacity of 2,500t of tungsten carbide powder 99.8%min 2.5-7.0μm, they expect to produce about 120t in March, on par with last month. They produced about 2,100t in total last year and currently hold no stock in hand, the same as a month ago.
Another producer in South China said, "Due to the slight decline in APT88.5%min price, the demand from end users keeps slack and consumers just wait on the sidelines, leading to a slow market. We sold less than 20t in the first three days of this week, while normally we would sell around 10t a day". The producer added that they now quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB265/kg (USD38.37/kg) delivered D/A 180 days and would accept RMB264/kg (USD38.22/kg) for clients with cash payment. They sold about 7t at RMB265/kg (USD38.37/kg) delivered D/A 180 days today and sold 10t at RMB267/kg (USD38.66/kg) late last week. As downstream demand remains slack and consumers are reluctant in purchasing, they believe that prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would stay soft in the coming week.
With an annual production capacity of 3,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, they expect to produce about 240t in March, compared with about 200t last month. They produced about 2,500t in total last year and currently hold no stock in hand, the same as one month earlier.
A producer in South China said, "The market for tungsten carbide powder 99.8%min 2.5-7.0μm saw slow movements during the past two weeks when consumers preferred to wait and see due to the sliding price, with few deals closed. We sold just 20-30t a week in the past two weeks, compared with our regular weekly sales of nearly 40-50t". The producer added that they expect to produce around 120t this month, against their regular monthly production of 150t, given the slack spot market. They claimed that they now quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB266/kg (USD38.51/kg) delivered D/A 180 days and would accept RMB265/kg (USD38.37/kg) for regular clients. They didn't close any deals today and last sold about 6t at RMB266/kg (USD38.51/kg) early this week, while they could still sold 8t at RMB268/kg (USD38.80/kg) late last week. In light of the weak demand, they believe that overall prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would remain flat in the following week.
With an annual production capacity of 2,500t of tungsten carbide powder 99.8%min 2.5-7.0μm, they expect to produce about 120t in March, on par with last month. They produced about 2,100t in total last year and currently hold no stock in hand, the same as a month ago.
Another producer in South China said, "Due to the slight decline in APT88.5%min price, the demand from end users keeps slack and consumers just wait on the sidelines, leading to a slow market. We sold less than 20t in the first three days of this week, while normally we would sell around 10t a day". The producer added that they now quote tungsten carbide powder 99.8%min 2.5-7.0μm at RMB265/kg (USD38.37/kg) delivered D/A 180 days and would accept RMB264/kg (USD38.22/kg) for clients with cash payment. They sold about 7t at RMB265/kg (USD38.37/kg) delivered D/A 180 days today and sold 10t at RMB267/kg (USD38.66/kg) late last week. As downstream demand remains slack and consumers are reluctant in purchasing, they believe that prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would stay soft in the coming week.
With an annual production capacity of 3,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, they expect to produce about 240t in March, compared with about 200t last month. They produced about 2,500t in total last year and currently hold no stock in hand, the same as one month earlier.
