【CBC Monthly Review】The price of tungsten powder fluctuated upward in January
Release time:
2024-07-18
Author:
Source:
CBC metal mesh
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Price Quote:
January 2024 China tungsten powder (W≥ 99.7%; Granularity: 2.5~7um; FWP-1) market average monthly price was 272.55 yuan/kg, up 0.65% from the previous month, and the mainstream price rose from 272-273 yuan/kg at the beginning of the month to 273-274 yuan/kg at the end of the month.
January 2024 China tungsten carbide powder (WC: 99.7%; Granularity: 2.5~7um; FWC-2) market average monthly price was 266.77 yuan/kg, up 0.58% from the previous month, and the mainstream price rose from 265-267 yuan/kg at the beginning of the month to 268-270 yuan/kg at the end of the month.
Synthesis:
This month, the price of tungsten powder market fluctuated upward, and the overall development was good. There is more new demand in the tungsten powder market, the market transaction atmosphere is good, the profit margins of manufacturers are expanding, and the willingness to start construction is strong. The difficulty of downstream terminal transactions has been alleviated, and the transactions are biased towards high-level operation.
Forecast for the future:
On the whole, the supply of tungsten powder market is still tight, and most of the manufacturers are willing to raise prices, while traders' purchase inquiries are mainly based on on-demand procurement, and the actual transaction is still based on on-demand procurement, and the transaction performance is relatively average. In the later stage, we will pay more attention to the new round of quotations for institutions and large tungsten enterprises.
Long-term forecast:
The tungsten market is relatively stable and has not seen significant fluctuations. The enthusiasm of market trading is not high, the psychology of buying up and not buying down is more obvious, and traders are more cautious and wait-and-see mentality, due to the weak actual demand, the willingness of holders to sell at a high price is weakened, and the market is expected to be deadlocked in the long-term supply and demand market.
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