Tungsten market in stalemate
2005-10-13 10:07:21 【Print】
BEIJING (Asian Metal) 13 Oct 05 – As Chinese tungsten APT suppliers are offering their material at USD250/mtu FOB CMP, consumers worldwide are holding back purchasing and waiting for the price to fall.
A purchasing executive from a central European APT consumer told Asian Metal that he had not imported Chinese material for the passed three months as he waited for price to drop to lower than USD200/mtu d.d.p. The executive revealed that his current supplier is offering the material at around USD220-240/mtu, and he said he would not buy at USD250/mtu.
When commenting on the future market, the executive believes the price will fall to below USD200/mtu because consumers would not buy at high prices, and if the price remains at this level, the market could plunge into crisis.
The consumer produces around 400-500 tons of cemented carbide each year.
A Japanese trader told Asian Metal that his customers are not buying because of the high price. He received offer of APT and Oxide from Chinese suppliers at around USD250/mtu FOB CMP, but his customers are reluctant to pay at this price.
The trader is amazed by the way Chinese suppliers raised tungsten price in the passed month, and thinks this is abnormal action in the market. He believes the price will start to drop very soon as consumers are not buying.
A purchasing executive from a central European APT consumer told Asian Metal that he had not imported Chinese material for the passed three months as he waited for price to drop to lower than USD200/mtu d.d.p. The executive revealed that his current supplier is offering the material at around USD220-240/mtu, and he said he would not buy at USD250/mtu.
When commenting on the future market, the executive believes the price will fall to below USD200/mtu because consumers would not buy at high prices, and if the price remains at this level, the market could plunge into crisis.
The consumer produces around 400-500 tons of cemented carbide each year.
A Japanese trader told Asian Metal that his customers are not buying because of the high price. He received offer of APT and Oxide from Chinese suppliers at around USD250/mtu FOB CMP, but his customers are reluctant to pay at this price.
The trader is amazed by the way Chinese suppliers raised tungsten price in the passed month, and thinks this is abnormal action in the market. He believes the price will start to drop very soon as consumers are not buying.
