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A Jiangxi producer quoted 300-310 yuan/kg of standard YG8 mining tool blanks. He said that he sold 1 ton of goods last week. Very few people have sent inquiries, and orders can be completed in November. According to him, the price of cemented carbide rose by 10% in October, and consumers need time to accept the current high price. Therefore, there are not many transactions in the market. However, the price of medium-particle tungsten carbide powder has remained firm at 230-235 yuan/kg, and the price of cemented carbide is difficult to fall.
A Hebei manufacturer quoted a standard YG8 tool blank for 310-320 yuan/kg. According to him, the downstream demand has slowed down. Only a few small orders were sold last week, no more than 1 ton. Currently produced in accordance with the order, most of these orders were signed in September. The price of medium-particle tungsten carbide powder remained firm at 230-235 yuan/kg and showed an upward trend. Although few consumers have entered the market, due to the high price of raw materials, cemented carbide producers will not cut prices.
For example, in winter, when the possible hours of daylight may not be enough to achieve the desired plant growth.
After the recent increase in the price of cemented carbide, the market has been scarce. Market participants expect that cemented carbide prices will remain stable in the next few weeks.