Chinese sodium tungstate prices up
2024-03-28 08:29:21 [Print]
BEIJING (Asian Metal) 28 Mar 24 - Boosted by increasing prices of raw materials, most suppliers of sodium tungstate raised their prices accordingly. Currently, the mainstream prices of Chinese sodium tungstate 96%min stand at RMB142,000-144,000/t (USD19,651-19,928/t) delivered D/A 180 days, up by RMB2,000/t (USD276.8/t) from one week ago. Supported by firm prices of raw materials, insiders predict that the mainstream prices of Chinese sodium tungstate 96%min would keep firm in the coming week.
A producer in South China revealed, "We offer about RMB146,000/t (USD20,205/t) delivered D/A 180 days for sodium tungstate 96%min now and can accept a discount of RMB1,000/t (USD138/t) to regular clients. We last sold about 5t at RMB145,000/t (USD20,067/t) early this week and we could accept to sell at RMB144,000/t (USD19,928/t) one week ago". The producer add that most consumers purchase cautiously now due to weak demand. Today they refused a regular client who want to purchase at RMB144,000/t (USD19,928/t) as they purchased about 10t at the same prices two weeks ago. Due to increasing cost of raw materials, the producer predicts that the mainstream prices of Chinese sodium tungstate 96%min would keep firm in the coming week.
With an annual production capacity of 500t of sodium tungstate 96%min, the producer expects to produce about 10t this month and didn't produce last month. They produced about 200t in total last year and holds no stocks now.
Another producer in South China revealed, "We quote sodium tungstate 98%min at RMB148,000/t (USD20,482/t) delivered D/A 180 day and could accept a concession of RMB1,000/t (USD138/t) for firm bids. We last sold about 5t at RMB146,000/t (USD20,205/t) early this week". The producer added that the demand from downstream market stay soft and they didn't close many orders since early this month. However, prices of raw materials keep increasing since early March, under the up cost of raw materials, they prefer to keep their prices firm and predict that the mainstream prices of Chinese sodium tungstate 96%min would keep firm in the coming week.
With an annual production capacity of 300t of sodium tungstate 96%min, the producer produced about 200t in total last year. They expects to produce about 15t in March and there was no output last month. They hold nearly 10t of stocks now, the same as in last month.
A producer in South China revealed, "We offer about RMB146,000/t (USD20,205/t) delivered D/A 180 days for sodium tungstate 96%min now and can accept a discount of RMB1,000/t (USD138/t) to regular clients. We last sold about 5t at RMB145,000/t (USD20,067/t) early this week and we could accept to sell at RMB144,000/t (USD19,928/t) one week ago". The producer add that most consumers purchase cautiously now due to weak demand. Today they refused a regular client who want to purchase at RMB144,000/t (USD19,928/t) as they purchased about 10t at the same prices two weeks ago. Due to increasing cost of raw materials, the producer predicts that the mainstream prices of Chinese sodium tungstate 96%min would keep firm in the coming week.
With an annual production capacity of 500t of sodium tungstate 96%min, the producer expects to produce about 10t this month and didn't produce last month. They produced about 200t in total last year and holds no stocks now.
Another producer in South China revealed, "We quote sodium tungstate 98%min at RMB148,000/t (USD20,482/t) delivered D/A 180 day and could accept a concession of RMB1,000/t (USD138/t) for firm bids. We last sold about 5t at RMB146,000/t (USD20,205/t) early this week". The producer added that the demand from downstream market stay soft and they didn't close many orders since early this month. However, prices of raw materials keep increasing since early March, under the up cost of raw materials, they prefer to keep their prices firm and predict that the mainstream prices of Chinese sodium tungstate 96%min would keep firm in the coming week.
With an annual production capacity of 300t of sodium tungstate 96%min, the producer produced about 200t in total last year. They expects to produce about 15t in March and there was no output last month. They hold nearly 10t of stocks now, the same as in last month.
