Chinese tungsten carbide powder market see watchful attitudes
2024-04-30 10:50:30 [Print]
BEIJING (Asian Metal) 30 Apr 24 - As prices of APT keep increasing now, most suppliers of tungsten carbide powder raise their prices this week. Currently, the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm stand at RMB300-303/kg (USD41.4-41.8/kg) delivered D/A 180 days, up by RMB6/kg (USD0.8/kg) from late last week. Although most consumers hold watchful attitudes now, 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 driven by increasing cost of raw materials.
A producer in Jiangxi said, "We stop our quotation for tungsten carbide powder 99.8%min 2.5-7.0μm now as prices of APT88.5%min increase too fast. We last sold about 10t at RMB293/kg (USD40.5/kg) delivered D/A 180 days early last week". The producer added that they just carried out the signed contract recently, they didn't sell any materials for almost 10 days as most consumers hold watchful attitudes now. They didn't purchase any APT88.5%min this week as prices increased to RMB210,000/t (USD29,000/t) now and they last purchased about 30t at RMB205,000/t (USD28,310/t) last time. 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 increase further in the coming week.
With an annual production capacity of 8,000t of tungsten powder and tungsten carbide powder, they produced about 4,000t in 2023 and expect to produce about 400t in April. They now hold no inventory, unchanged from a month ago.
Another producer in Jiangxi state that they have no intentions to sell any tungsten carbide powder 99.8%min 2.5-7.0μm at prices below RMB300/kg (USD41.4/kg) delivered D/A 180 days now. They last sold about 10t at RMB295/kg (USD40.7/kg) early last week. The producer added, "As prices of APT88.5%min increase so fast, we can't accept any lower prices of tungsten carbide powder 99.8%min 2.5-7.0μm now". However, there show limited orders as most consumers prefer to watch the market at such high prices. Supported by increasing prices of APT88.5%min, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would move up in the upcoming week.
With an annual production capacity of 3,000t of tungsten powder and tungsten carbide powder, they produced about 1,000t in total last year and expect to produce about 80t in April, on par with last month. They hold no stock in hand now, the same as a month ago.
A producer in Jiangxi said, "We stop our quotation for tungsten carbide powder 99.8%min 2.5-7.0μm now as prices of APT88.5%min increase too fast. We last sold about 10t at RMB293/kg (USD40.5/kg) delivered D/A 180 days early last week". The producer added that they just carried out the signed contract recently, they didn't sell any materials for almost 10 days as most consumers hold watchful attitudes now. They didn't purchase any APT88.5%min this week as prices increased to RMB210,000/t (USD29,000/t) now and they last purchased about 30t at RMB205,000/t (USD28,310/t) last time. 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 increase further in the coming week.
With an annual production capacity of 8,000t of tungsten powder and tungsten carbide powder, they produced about 4,000t in 2023 and expect to produce about 400t in April. They now hold no inventory, unchanged from a month ago.
Another producer in Jiangxi state that they have no intentions to sell any tungsten carbide powder 99.8%min 2.5-7.0μm at prices below RMB300/kg (USD41.4/kg) delivered D/A 180 days now. They last sold about 10t at RMB295/kg (USD40.7/kg) early last week. The producer added, "As prices of APT88.5%min increase so fast, we can't accept any lower prices of tungsten carbide powder 99.8%min 2.5-7.0μm now". However, there show limited orders as most consumers prefer to watch the market at such high prices. Supported by increasing prices of APT88.5%min, the producer predicts that the mainstream prices of Chinese tungsten carbide powder 99.8%min 2.5-7.0μm would move up in the upcoming week.
With an annual production capacity of 3,000t of tungsten powder and tungsten carbide powder, they produced about 1,000t in total last year and expect to produce about 80t in April, on par with last month. They hold no stock in hand now, the same as a month ago.
