Chinese tungsten carbide powder market stay inactive
2024-03-14 08:26:15 [Print]
BEIJING (Asian Metal) 14 Mar 24 - As prices increase to a high level, most consumers purchase inactively due to weak demand. Supported by firm prices of APT88.5%min, most suppliers of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm prefer to keep their prices firm at RMB273-276/kg (USD37.9-38.4/kg) delivered D/A 180 days, up by RMB1/kg (USD0.14/kg) from late last week. Considering that prices of raw materials keep firm while demand keep soft, insiders predict that the mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep stable in the coming week.
A producer in Jiangxi said, "We now quoted tungsten carbide powder 99.8%min 2.5-7.0μm at RMB275/kg (USD38.2/kg) delivered D/A 180 days and could accept to sell at RMB273/kg (USD37.9/kg) for firm bids. However, the market stay so quiet and we just sold about 10t this week while our normally weekly sales could reach 50t". The producer added that just closed some orders of 2 to 3t at about RMB273/kg (USD37.9/kg) and last sold about 8t at RMB271/kg (USD37.7/kg) early last week. Although demand from downstream industries stay soft, supported by increasing prices of APT88.5%min, they have no intention to accept lower prices and predict that the mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep stable in the coming week.
With an annual production capacity of 8,000t of tungsten powder and tungsten carbide powder, they produced about 3,200t in total last year and expect to produce about 400t in March and produced about 200t last month. They hold no stock in hand now, the same as a month ago.
Another producer in Jiangxi province indicated that they offered about RMB276/kg (USD38.4/kg) delivered D/A 180 days for tungsten carbide powder 99.8%min 2.5-7.0μm and could accept to sell at RMB274/kg (USD38/kg) for firm bids. They didn't close any deals since early this week and last sold about 10t at RMB272/kg (USD37.8/kg) last week. The producer added, "Market seem quiet now as most consumers have low intentions to purchase with pessimistic and watchful attitudes". Restricted by soft demand, the producer predicts that the mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep stable in the coming week.
With an annual production capacity of 8,000t of tungsten powder and tungsten carbide powder, they produced about 6,000t in 2023 and expect to produce about 600t in March. They now hold no inventory, unchanged from a month ago.
A producer in Jiangxi said, "We now quoted tungsten carbide powder 99.8%min 2.5-7.0μm at RMB275/kg (USD38.2/kg) delivered D/A 180 days and could accept to sell at RMB273/kg (USD37.9/kg) for firm bids. However, the market stay so quiet and we just sold about 10t this week while our normally weekly sales could reach 50t". The producer added that just closed some orders of 2 to 3t at about RMB273/kg (USD37.9/kg) and last sold about 8t at RMB271/kg (USD37.7/kg) early last week. Although demand from downstream industries stay soft, supported by increasing prices of APT88.5%min, they have no intention to accept lower prices and predict that the mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep stable in the coming week.
With an annual production capacity of 8,000t of tungsten powder and tungsten carbide powder, they produced about 3,200t in total last year and expect to produce about 400t in March and produced about 200t last month. They hold no stock in hand now, the same as a month ago.
Another producer in Jiangxi province indicated that they offered about RMB276/kg (USD38.4/kg) delivered D/A 180 days for tungsten carbide powder 99.8%min 2.5-7.0μm and could accept to sell at RMB274/kg (USD38/kg) for firm bids. They didn't close any deals since early this week and last sold about 10t at RMB272/kg (USD37.8/kg) last week. The producer added, "Market seem quiet now as most consumers have low intentions to purchase with pessimistic and watchful attitudes". Restricted by soft demand, the producer predicts that the mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep stable in the coming week.
With an annual production capacity of 8,000t of tungsten powder and tungsten carbide powder, they produced about 6,000t in 2023 and expect to produce about 600t in March. They now hold no inventory, unchanged from a month ago.
