Chinese tungsten carbide powder market stay quiet
2024-03-28 08:29:18 [Print]
BEIJING (Asian Metal) 28 Mar 24 - As demand from downstream market didn't pick up, most consumers purchase raw materials cautiously. Currently, the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm stand at RMB274-277/kg (USD37.9-38.3/kg) delivered D/A 180 days, up by RMB2/kg (USD0.2/kg) from late last week. Supported by firm prices from raw materials, insiders predict that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep firm in the coming week.
A producer in Jiangxi indicated, "We offered about RMB278/kg (USD38.5/kg) delivered D/A 180 days for tungsten carbide powder 99.8%min 2.5-7.0μm and could accept to sell at RMB276/kg (USD38.2/kg) for firm bids. While market see quiet with limited orders, few clients want to refill their stocks under such high price level". The producer added that they last sold about 5t at RMB276/kg (USD38.2/kg) early this week and last sold about 6t at RMB274/kg(USD37.9/kg) last week. Although most consumers purchased inactively now, supported by firm prices of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep firm in the coming week.
With an annual production capacity of 6,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the producer produced about 4,200t in total last year. They expect to produce about 300t this month and didn't producer last month, and hold around 50t of stocks now, unchanged from the same period of last month.
Another consumer mentioned, "Most of our suppliers quoted tungsten carbide powder 99.8%min 2.5-7.0μm at RMB277/kg (USD38.3/kg) delivered D/A 180 days and could accept to sell at RMB275/kg (USD38/kg) for orders more than 20t. While we didn't purchase any materials as we received few inquiries since early this week". The consumer added that they last purchased about 10t at RMB272/kg (USD37.6/kg) early this month. However, prices of APT88.5%min keep increasing now, most of their suppliers prefer to keep their prices firm under the strong pressure of cost of raw materials. Driven by increasing prices of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep firm in the coming week.
With an annual consumption capacity of 2,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the consumer consumed about 1,300t in total last year. They expected to consume about 100t this month, unchanged MoM, and hold no stocks now, unchanged from last month.
A producer in Jiangxi indicated, "We offered about RMB278/kg (USD38.5/kg) delivered D/A 180 days for tungsten carbide powder 99.8%min 2.5-7.0μm and could accept to sell at RMB276/kg (USD38.2/kg) for firm bids. While market see quiet with limited orders, few clients want to refill their stocks under such high price level". The producer added that they last sold about 5t at RMB276/kg (USD38.2/kg) early this week and last sold about 6t at RMB274/kg(USD37.9/kg) last week. Although most consumers purchased inactively now, supported by firm prices of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep firm in the coming week.
With an annual production capacity of 6,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the producer produced about 4,200t in total last year. They expect to produce about 300t this month and didn't producer last month, and hold around 50t of stocks now, unchanged from the same period of last month.
Another consumer mentioned, "Most of our suppliers quoted tungsten carbide powder 99.8%min 2.5-7.0μm at RMB277/kg (USD38.3/kg) delivered D/A 180 days and could accept to sell at RMB275/kg (USD38/kg) for orders more than 20t. While we didn't purchase any materials as we received few inquiries since early this week". The consumer added that they last purchased about 10t at RMB272/kg (USD37.6/kg) early this month. However, prices of APT88.5%min keep increasing now, most of their suppliers prefer to keep their prices firm under the strong pressure of cost of raw materials. Driven by increasing prices of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would keep firm in the coming week.
With an annual consumption capacity of 2,000t of tungsten carbide powder 99.8%min 2.5-7.0μm, the consumer consumed about 1,300t in total last year. They expected to consume about 100t this month, unchanged MoM, and hold no stocks now, unchanged from last month.
