Chinese tungsten carbide powder prices to increase
2024-03-29 08:25:17 [Print]
BEIJING (Asian Metal) 29 Mar 24 - Although most consumers hold strong watchful attitudes under such high prices level, most suppliers prefer to keep their prices firm due to high cost of raw materials. 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 (USD0.28/kg) from late last week. Considering that prices of APT88.5%min keep increasing, insiders predict that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would increase further in the coming week.
A producer in South China indicated that they offer about RMB278/kg (USD38.5/kg) delivered D/A 180 days and could accept to sell at RMB277/kg (USD38.3/kg) for firm bids. They last sold about 10t at RMB277/kg (USD38.3/kg) mid of this week and last sold about 8t at RMB276/kg (USD38.2/kg) late last week. The producer added, "Most consumers prefer to purchase in orders and there show limited orders with strong watchful attitudes from their clients. While we have to keep our prices firm due to increasing prices of APT88.5%min". According to the producer, prices of APT88.5%min increased to RMB188,000/t (USD26,007/t) this week from RMB187,000/t (USD25,869/t) last week. Driven by increasing cost of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would increase a little bit in the coming week.
With an annual production capacity of 6,000t of tungsten powder and tungsten carbide powder, they produced about 5,500t in total last year and expect to produce about 600t this month and produced about 300t last month. They hold no stock in hand now, the same as a month ago.
Another producer in South China mentioned that they offer about RMB278/kg (USD38.5/kg) delivered D/A 180 days and could accept to sell at RMB276/kg (USD38.2/kg) for firm bids. They last sold about 20t at RMB275/kg (USD38/kg) last week and orders this week see limited. The producer added, "Most clients have no intentions to refill their stocks at such high prices and we just sold no more than 50t this week. However, we have no plan to accept any lower prices as prices of APT88.5%min keep increasing since early this month". Supported by increasing cost of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would go up further in the coming week.
With an annual production capacity of 25,000t of tungsten powder and tungsten carbide powder, they produced about 24,000t in 2023 and expect to produce about 2,100t in March, compared with 1,100t last month. They now hold inventory of around 500t, unchanged from a month ago.
A producer in South China indicated that they offer about RMB278/kg (USD38.5/kg) delivered D/A 180 days and could accept to sell at RMB277/kg (USD38.3/kg) for firm bids. They last sold about 10t at RMB277/kg (USD38.3/kg) mid of this week and last sold about 8t at RMB276/kg (USD38.2/kg) late last week. The producer added, "Most consumers prefer to purchase in orders and there show limited orders with strong watchful attitudes from their clients. While we have to keep our prices firm due to increasing prices of APT88.5%min". According to the producer, prices of APT88.5%min increased to RMB188,000/t (USD26,007/t) this week from RMB187,000/t (USD25,869/t) last week. Driven by increasing cost of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would increase a little bit in the coming week.
With an annual production capacity of 6,000t of tungsten powder and tungsten carbide powder, they produced about 5,500t in total last year and expect to produce about 600t this month and produced about 300t last month. They hold no stock in hand now, the same as a month ago.
Another producer in South China mentioned that they offer about RMB278/kg (USD38.5/kg) delivered D/A 180 days and could accept to sell at RMB276/kg (USD38.2/kg) for firm bids. They last sold about 20t at RMB275/kg (USD38/kg) last week and orders this week see limited. The producer added, "Most clients have no intentions to refill their stocks at such high prices and we just sold no more than 50t this week. However, we have no plan to accept any lower prices as prices of APT88.5%min keep increasing since early this month". Supported by increasing cost of raw materials, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would go up further in the coming week.
With an annual production capacity of 25,000t of tungsten powder and tungsten carbide powder, they produced about 24,000t in 2023 and expect to produce about 2,100t in March, compared with 1,100t last month. They now hold inventory of around 500t, unchanged from a month ago.
