Tungsten market remains firm in North America
2006-06-29 10:48:58 【Print】
BEIJING (Asian Metal) 29 Jun 06 – When Chinese tungsten prices hold stable and European market starts to slow down, the tungsten market in U.S. is firm, reported by market participants.
An official from an east-coast distributor claimed that price of tungsten APT is holding strong at USD240-260/stu in the local market depending on the terms and conditions, and a Baltimore CIF price is at around USD260/mtu with reasonable volume.
The demand in the U.S. market is strong, and the official revealed to Asian Metal that he is getting more market share this year. “Business is good, but it also depends on how aggressive you are.”
Commenting on some really low prices being talked in the market, the official believes most of them are not real. “Some consumers reported lower prices, but you could not find any supplier who can offer APT at those prices.”
An official from a tungsten carbide producer confirmed the prices provided by the distributor and he told Asian Metal that with strong demand of the downstream products, the orders of carbide tools he received is considerably higher than last year.
Summer is already here; although Americans do not take summer holidays as seriously as the Europeans, the market will slow a little too. However, the official holds that the price of tungsten is going to hold firm during the summer.
