Chinese tungsten concentrate prices stay firm
2024-03-13 08:31:46 [Print]
BEIJING (Asian Metal) 13 Mar 23 - As most suppliers refuse to sell due to tight supply, prices of tungsten concentrate keep firm. Currently, the mainstream prices of Chinese tungsten concentrate WO3 55%min now increased to RMB125,000-126,000/t (USD17,426-17,565/t) delivered D/P, up by RMB500/t (USD69.7/t) from last week. Considering that most suppliers prefer to keep their prices firm, insiders predict that the mainstream prices of Chinese tungsten concentrate WO3 55%min would keep firm in the coming week.
A trader in South China indicated that they offered about RMB126,000/t (USD17,565/t) delivered D/P for tungsten concentrate WO3 55%min and could accept to sell at RMB125,500/t (USD17,496/t) for firm bids. They don't sell any materials and last sold about 20t at RMB125,000/t(USD17,426/t). The trader added, "We don't want to sell any tungsten concentrate as it is hard to purchase at such prices. Supply keep tight as most suppliers held back from selling now". Due to limited orders, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would stay firm in the coming week.
With a regular monthly trading volume of around 300t of tungsten concentrate, the trader expects to sell about 200t this month, compared with 100t last month, holding inventory of around 300t for the moment and 400t last month. They already sold roughly 3,000t totally in 2023.
Another trader in South China disclosed, "We don't want to sell any materials at prices lower than RMB126,000/t (USD17,565/t) delivered D/P and didn't sell at any lower prices. We last sold about 30t at RMB125,000/t (USD17,426/t) one week ago". The trader added they failed to sell the materials at prices lower than RMB125,000/t (USD17,426/t) last week when their clients prefer to watch the market. Considering that the supply kept tight, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would stay firm in the coming week.
With a regular monthly trading volume of 300t of tungsten concentrate, the trader saw a sales volume of 4,000t or so totally in 2023 . They expect to sell about 300t in December, compared to about 200t last month, holding no inventory currently, stable MoM.
A trader in South China indicated that they offered about RMB126,000/t (USD17,565/t) delivered D/P for tungsten concentrate WO3 55%min and could accept to sell at RMB125,500/t (USD17,496/t) for firm bids. They don't sell any materials and last sold about 20t at RMB125,000/t(USD17,426/t). The trader added, "We don't want to sell any tungsten concentrate as it is hard to purchase at such prices. Supply keep tight as most suppliers held back from selling now". Due to limited orders, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would stay firm in the coming week.
With a regular monthly trading volume of around 300t of tungsten concentrate, the trader expects to sell about 200t this month, compared with 100t last month, holding inventory of around 300t for the moment and 400t last month. They already sold roughly 3,000t totally in 2023.
Another trader in South China disclosed, "We don't want to sell any materials at prices lower than RMB126,000/t (USD17,565/t) delivered D/P and didn't sell at any lower prices. We last sold about 30t at RMB125,000/t (USD17,426/t) one week ago". The trader added they failed to sell the materials at prices lower than RMB125,000/t (USD17,426/t) last week when their clients prefer to watch the market. Considering that the supply kept tight, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would stay firm in the coming week.
With a regular monthly trading volume of 300t of tungsten concentrate, the trader saw a sales volume of 4,000t or so totally in 2023 . They expect to sell about 300t in December, compared to about 200t last month, holding no inventory currently, stable MoM.
