European suppliers handling Central African origin tungsten concentrate explained that a slight drop in buying activity during the second half of last week had been expected due to the Qingming festival in China meaning many tungsten plants temporarily slowed activities.

However, sources stated that on the whole demand from buyers in Asia remains strong, and with domestic China tungsten concentrate figures holding firm in recent weeks, the tungsten concentrate 50%min WO₃ seen last week between USD250-260mtu CIF China are very appealing to buyers. 

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European producers of tungsten carbide 99.7%min held sale prices stable between EUR45.00-47.00kg d.d.p depending on grade and grain size through the second half of March.

However, despite another month of poor manufacturing output and dwindling levels of new orders across the eurozone in March, European prices of tungsten carbide 99.7%min look set to increase closer to EUR48.00kg d.d.p in the early stages of Q2 2013 due to a delayed reaction to a sharp pickup of Ammonium Paratungstate prices in February, and growing downstream demand from manufactures producing parts for the mining industry. 

Tungsten carbide is an inorganic chemical compound that contains equal numbers of tungsten and carbon atoms. It is sometimes colloquially referred to as simply "carbide." In its most basic form, it is a fine gray powder, but it can be pressed and formed into shapes for use in industrial machinery, tools, abrasives, as well as men's jewelry.

Tungsten carbide powder market continues to be quiet now as many China market participants just go back to the market. The trading volume keeps at low level.

Owing to the increasing raw materials prices, the tungsten carbide powder prices increase slightly. But the downstream customers are cautious in making deals now. 

The trading volume is small in the tungsten scrap market and the tungsten scrap market moves slowly.

It is expected that the tungsten scrap market will be inactive in the near future with the low demand. A recycler based in Hunan, whose trading volume is around 20 tons per month, expressed that tungsten scraps price kept stable in the recent day.

Tungsten electrode market is quiet as the downstream customers are inactive in making deals. Tungsten electrode prices are stable tentatively now. A source from a tungsten electrode factory, with an output of around 10 tons per month, noted that they mainly dealt with the old orders in the recent days.