Chinese tungsten carbide powder market sees watchful attitudes
2024-04-22 08:31:20 [Print]
BEIJING (Asian Metal) 22 Apr 24 - Although prices of tungsten carbide powder keep increasing, most consumers from downstream prefer to watch the market due to soft demand. Currently, the mainstream prices for Chinese tungsten carbide powder 99.8%min 2.5-7.0μm now stay at RMB286-289/kg (USD37.5-39.9/kg) delivered D/A 180 days, up by RMB4/kg (USD0.55/kg) from late last week. Considering that prices of raw materials keep firm, insiders predict that the mainstream price of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would remain unmoved in the coming week.
A consumer from Hunan indicated that they didn't purchase any tungsten carbide powder 99.8%min 2.5-7.0μm this week as prices increase so fast. They prefer to watch the market or purchase in orders as they don't receive enough orders from downstream clients. The consumer added, "We last purchased about 40t of tungsten carbide powder 99.8%min 2.5-7.0μm at RMB280/kg (USD38.7/kg) delivered D/A 180 days early last week. Now most suppliers offer about RMB290/kg (USD40.1/kg) and refuse to sell at RMB288/kg (USD39.8/kg) this week". Considering that demand keep soft, while prices of raw materials keep firm, the consumer 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 1,500t of tungsten carbide powder 99.8%min 2.5-7.0μm, they used about 1,200t in 2023. They expect to consume about 60t this month, compared with 80t last month. They now hold inventory of about 50t, the same as a month earlier.
Another consumer from Jiangxi mentioned that they had no intentions to purchase any tungsten carbide powder 99.8%min 2.5-7.0μm now as prices stay at so high level for them. The consumer added, "Most suppliers raise their prices to RMB290/kg (USD40.1/kg) now, which increase by RMB5/kg (USD0.69/kg) from early this week. We haven't bought any materials at prices above RMB285/kg (USD39.4/kg) and last purchased about 20t at RMB280/kg (USD38.7/kg) one week before". Demand keep weak and they prefer to hold watchful attitudes towards the upward prices, they predict 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, they consumed about 1,500t in 2023 and expect around 100t in April, compared with 120t last month. They hold no stocks in hand now, the same as one month ago.
A consumer from Hunan indicated that they didn't purchase any tungsten carbide powder 99.8%min 2.5-7.0μm this week as prices increase so fast. They prefer to watch the market or purchase in orders as they don't receive enough orders from downstream clients. The consumer added, "We last purchased about 40t of tungsten carbide powder 99.8%min 2.5-7.0μm at RMB280/kg (USD38.7/kg) delivered D/A 180 days early last week. Now most suppliers offer about RMB290/kg (USD40.1/kg) and refuse to sell at RMB288/kg (USD39.8/kg) this week". Considering that demand keep soft, while prices of raw materials keep firm, the consumer 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 1,500t of tungsten carbide powder 99.8%min 2.5-7.0μm, they used about 1,200t in 2023. They expect to consume about 60t this month, compared with 80t last month. They now hold inventory of about 50t, the same as a month earlier.
Another consumer from Jiangxi mentioned that they had no intentions to purchase any tungsten carbide powder 99.8%min 2.5-7.0μm now as prices stay at so high level for them. The consumer added, "Most suppliers raise their prices to RMB290/kg (USD40.1/kg) now, which increase by RMB5/kg (USD0.69/kg) from early this week. We haven't bought any materials at prices above RMB285/kg (USD39.4/kg) and last purchased about 20t at RMB280/kg (USD38.7/kg) one week before". Demand keep weak and they prefer to hold watchful attitudes towards the upward prices, they predict 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, they consumed about 1,500t in 2023 and expect around 100t in April, compared with 120t last month. They hold no stocks in hand now, the same as one month ago.
