With the recent increase in the price of cemented carbide, there have been few transactions in the market. Market participants expect cemented carbide prices to remain stable in the coming weeks.

A Jiangxi producer has offered a price of RMB 300-310/kg for the standard YG8 mine tool blanks. He said that 1 ton of cargo was sold last week. Few people have sent enquiries and the orders can be completed in November. According to him, the price of cemented carbide increased by 10% in October. Consumers need time to accept the existing high prices. Therefore, there are not many deals in the market. However, the price of medium-grain tungsten carbide powder remains firm at 230-235 yuan/kg, and the price of cemented carbide is difficult to drop.

A Hebei producer's offer for standard YG8 tool blanks is 310-320 yuan/kg. According to him, the downstream demand has slowed. Only a few small orders were dealt last week, and they did not exceed one ton. At present, all orders are produced. Most of these orders were signed in September. The price of tungsten carbide powder in the grain has remained firm at 230-235 yuan/kg, showing an upward trend. Although few consumers have purchased into the market, carbide producers will not cut prices due to high raw material prices.

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