Consumers Inactive in Purchasing Tungsten Carbide Powder

The tungsten concentrate and ammonium paratungstate(APT) prices moved up in the past several days, and the tungsten carbide powder suppliers intended to raise offers. However, as few consumers are active in purchasing materials, tungsten carbide powder market keeps quiet this week. Towards future market, most market participants hold wait-and-see attitudes. The tungsten carbide powder prices are stable tentatively this week.

An end-user for tungsten carbide powder in Shandong noted that they receive offers for medium-sized tungsten carbide powder at RMB280/kg (USD44.5/kg) now. He said that as they have some stocks in hand, they do not eager to buy the materials in a hurry.

The source told Asian Metal that owing to the increasing prices for tungsten concentrate and APT prices, the tungsten carbide powder suppliers plan to raise offers. But the customers are unwilling to accept such high level, and purchasers are reluctant to hold big volume stocks and make procurement from hand to mouth. Looking ahead, he thinks that the tungsten carbide powder market will continue to be quiet in a short time.

An end-user based in Jiangxi noted that the cemented carbide market runs slowly, and the demand for tungsten carbide powder decreases accordingly. They only purchase the materials from hand to mouth. He revealed that they receive offers for medium-sized tungsten carbide powder at around RMB275-280/kg (USD43.7-44.5/kg), and it has been stable for a week.

The source stated that Ganzhou Tungsten Industry Association announced the guiding price of medium-sized tungsten powder at RMB295/kg (USD46.9/kg) on last Wednesday, which increased by RMB25/kg (USD4.0/kg) compared to November. The source expressed that some major companies keep storing tungsten concentrate and intend to push up prices, but owing to the weak demand, it is unlikely for the tungsten carbide powder prices to move up sharply in a short time. 

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