Report covers the future of tungsten carbide in China
The report, published by Research In China, highlights mineral reserves, supply & demand and development trends of the global tungsten carbide industry, the policy environment, resource reserves, ore type, regional distribution, supply and demand, competition pattern and development trends of the China tungsten carbide industry, the import and export of product breakdown, and the operation, tungsten carbide business and development outlook of nine Chinese industrial players.
China, as the world’s largest tungsten carbide resource country, holds 58.95% of global tungsten carbide reserves and supplies and around 85% of tungsten carbide ore worldwide. In 2012, China newly added 200,000 tons of tungsten carbide reserves and output 131,100 tons of tungsten carbide concentrates, down 3.35% from a year earlier. Exposed to the restrictive policies on control of exploitation amount and export quotas as well as new limited prospecting of resources, etc, the supply and demand in tungsten carbide market is obviously out of balance, and it is expected that Chinas output of tungsten carbide ore will see limited growth in the upcoming several years, and that global tungsten carbide market will be still in tight supply.
The slowdown in downstream demand from machining, electronics, real estate markets in 2012 caused the sluggish development of China tungsten carbide industry, with the consumption of tungsten carbide concentrate decreasing by 15.6% year-on-year and the lingering price slump.
In China, major tungsten carbide producing regions are concentrated in Jiangxi, Hunan, Henan, Guangxi and Fujian, the combined tungsten carbide concentrate of which occupied over 88% of China’s total in 2012. In particular, Jiangxi came out top in terms of tungsten carbide concentrate output, registering 46,500 tons.
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