Influenced by signals of stable long-term contracts, the tungsten powder, tungsten carbide powder, and alloy product markets are generally operating smoothly, with the tension following the rapid price increases easing significantly. Powder manufacturers are generally maintaining their existing pricing systems and are unwilling to offer concessions, while downstream customers are gradually accepting the current price levels, but their procurement methods are becoming more rational, focusing on replenishing inventory as needed and purchasing in batches.
Currently, the market is not lacking in genuine demand, but rather end-user companies are paying more attention to the pace of procurement and cost control. Some previously held orders are beginning to be released, but concentrated restocking has not yet occurred. For consumer companies producing cutting tools and cemented carbide products, the current price stability is a positive signal, beneficial for formulating production and sales plans. Therefore, price stability is more conducive to demand recovery than price increases. If prices continue to remain stable, end-user purchasing activity is expected to further increase. Tungsten and cobalt powder newly prices as followings.
Tungsten powder price: RMB 1,280/kg, down 46.7% from its peak, up 18.5% year-to-date.
Tungsten carbide powder price: RMB 1,230/kg, down 47.4% from its peak, up 18.3% year-to-date.
Cobalt powder price: RMB 540/kg, down 6.9% from its high this year, up 3.9% year-to-date.
