Chinese tungsten concentrate prices increase
2024-04-09 08:24:04 [Print]
BEIJING (Asian Metal) 9 Apr 24 - As supply keep tight and most suppliers hold back from selling. Currently, the mainstream prices of Chinese tungsten concentrate WO3 55%min increase to RMB128,500-129,500/t (USD17,754-17,902/t) delivered D/P, up by RMB1,000/t (USD138/t) from late last week. Considering that most suppliers hold strong intentions to keep their prices firm with limited supply, insiders predict that the mainstream prices of Chinese tungsten concentrate WO3 55%min would increase further in the coming week.
A trader in South China disclosed that they don't offer for tungsten concentrate as prices increase so fast this week. Most suppliers hold back from selling now as they found it is hard to refill stocks now. They refuse to sell tungsten concentrate WO3 55%min at prices lower than RMB127,000/t (USD17,557/t) delivered D/P now and last sold about 30t at RMB126,000/t (USD17,418/t) last week. The trader added, "Most suppliers hold bullish attitudes now and we have no intentions to sell any materials now". Considering that the supply keep tight and most suppliers prefer to keep their prices firm, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would increase slightly in the coming week.
With a regular monthly trading volume of around 500t of tungsten concentrate, the trader expects to sell about 400t this month, compared with 300t last month, holding inventory of around 300t for the moment and 400t last month. They sold roughly 4,000t totally in 2023.
Another trader in South China disclosed, "We don't want to sell any tungsten concentrate WO3 55%min this week and prices keep increasing now. We last sold about 20t of tungsten concentrate WO3 55%min at RMB126,500/t (USD17,487/t) delivered D/P, while we refuse to sell at such prices". The trader added that they received one inquiry and client wants to purchase at RMB128,000/t (USD17,695/t) this week, they refused. Most suppliers prefer to keep their prices firm at RMB129,000/t (USD17,833/t) today and most hold bullish attitudes now. Due to firm prices from suppliers, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would increase slightly in the coming week.
With a regular monthly trading volume of 400t of tungsten concentrate, the trader saw a sales volume of 4,000t totally in 2023 . They expect to sell about 300t in March, compared to about 200t last month, holding no inventory currently, stable MoM.
A trader in South China disclosed that they don't offer for tungsten concentrate as prices increase so fast this week. Most suppliers hold back from selling now as they found it is hard to refill stocks now. They refuse to sell tungsten concentrate WO3 55%min at prices lower than RMB127,000/t (USD17,557/t) delivered D/P now and last sold about 30t at RMB126,000/t (USD17,418/t) last week. The trader added, "Most suppliers hold bullish attitudes now and we have no intentions to sell any materials now". Considering that the supply keep tight and most suppliers prefer to keep their prices firm, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would increase slightly in the coming week.
With a regular monthly trading volume of around 500t of tungsten concentrate, the trader expects to sell about 400t this month, compared with 300t last month, holding inventory of around 300t for the moment and 400t last month. They sold roughly 4,000t totally in 2023.
Another trader in South China disclosed, "We don't want to sell any tungsten concentrate WO3 55%min this week and prices keep increasing now. We last sold about 20t of tungsten concentrate WO3 55%min at RMB126,500/t (USD17,487/t) delivered D/P, while we refuse to sell at such prices". The trader added that they received one inquiry and client wants to purchase at RMB128,000/t (USD17,695/t) this week, they refused. Most suppliers prefer to keep their prices firm at RMB129,000/t (USD17,833/t) today and most hold bullish attitudes now. Due to firm prices from suppliers, the trader predicts that the mainstream prices of Chinese tungsten concentrate WO3 55%min would increase slightly in the coming week.
With a regular monthly trading volume of 400t of tungsten concentrate, the trader saw a sales volume of 4,000t totally in 2023 . They expect to sell about 300t in March, compared to about 200t last month, holding no inventory currently, stable MoM.
