Chinese thoriated tungsten market stay inactive
2024-03-28 08:29:00 [Print]
BEIJING (Asian Metal) 28 Mar 24 - Boosted by rising prices for APT88.5%min and tungsten concentrate since early this month, most Chinese tungsten electrode suppliers lift prices slightly to check market responses. Currently, the mainstream prices for Chinese thoriated tungsten grinding rod stand at RMB400-420/kg (USD55.4-58.1/kg) EXW D/P, up by RMB10/kg (USD1.38/kg) from one week ago. But restricted by weak end demand, insiders believe that price of Chinese thoriated tungsten grinding rod would stay unchanged in the coming week.
A producer in North China said, "We lift our offer for thoriated tungsten grinding rod to RMB415/kg (USD57.4/kg) EXW D/P now and could accept to sell at RMB410/kg (USD56.7/kg) for firm bids. While the market stay inactive as most consumers prefer to watch the market with limited orders". The producer added that they last sold about 2t at RMB410/kg (USD56.7/kg) early this week and some consumers prefer to purchase at prices lower than RMB400/kg(USD55.4/kg), while they refused due to high cost of raw materials. As prices of raw materials keep increasing since early this month, the producer predicts that the mainstream prices of Chinese thoriated tungsten grinding rod would stay firm in the coming week.
With an annual production capacity of 400t of thoriated tungsten grinding rod, the producer produced about 300t in 2023, expecting around 25t this month, unchanged MoM. They hold no stocks in hand now, the same as one month ago.
Another producer in North China mentioned that they offered about RMB410/kg (USD56.7/kg) EXW D/P for thoriated tungsten grinding rod and could accept a concession of RMB5/kg for firm bids. They last sold about 2t at RMB405/kg (USD56/kg) early this week. The producer added, "Most of their customers prefer to purchase in small volume as the demand doesn't pick up and most of their clients purchased inactively". As prices of raw materials keep increasing now, the producer prefer to keep their prices firm and predicts that the mainstream prices of Chinese thoriated tungsten grinding rod would stay firm in the coming week.
With an annual production capacity of 300t of thoriated tungsten grinding rod, the producer produced about 200t in 2023, expecting around 20t this month and they didn't purchase last month. They hold no stocks in hand now, unchanged from last month.
A producer in North China said, "We lift our offer for thoriated tungsten grinding rod to RMB415/kg (USD57.4/kg) EXW D/P now and could accept to sell at RMB410/kg (USD56.7/kg) for firm bids. While the market stay inactive as most consumers prefer to watch the market with limited orders". The producer added that they last sold about 2t at RMB410/kg (USD56.7/kg) early this week and some consumers prefer to purchase at prices lower than RMB400/kg(USD55.4/kg), while they refused due to high cost of raw materials. As prices of raw materials keep increasing since early this month, the producer predicts that the mainstream prices of Chinese thoriated tungsten grinding rod would stay firm in the coming week.
With an annual production capacity of 400t of thoriated tungsten grinding rod, the producer produced about 300t in 2023, expecting around 25t this month, unchanged MoM. They hold no stocks in hand now, the same as one month ago.
Another producer in North China mentioned that they offered about RMB410/kg (USD56.7/kg) EXW D/P for thoriated tungsten grinding rod and could accept a concession of RMB5/kg for firm bids. They last sold about 2t at RMB405/kg (USD56/kg) early this week. The producer added, "Most of their customers prefer to purchase in small volume as the demand doesn't pick up and most of their clients purchased inactively". As prices of raw materials keep increasing now, the producer prefer to keep their prices firm and predicts that the mainstream prices of Chinese thoriated tungsten grinding rod would stay firm in the coming week.
With an annual production capacity of 300t of thoriated tungsten grinding rod, the producer produced about 200t in 2023, expecting around 20t this month and they didn't purchase last month. They hold no stocks in hand now, unchanged from last month.
