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Tungsten market seems to be re-balanceable in 2017

Views:6     Author:Site Editor     Publish Time: 2017-09-12      Origin:Site

  Tungsten is one of the key refractory metals and this high melting point material has numerous applications, including incandescent light bulb filaments, X-ray tubes (as both the filament and target), electrodes in TIG welding, superalloys, and radiation shielding. Tungsten’s hardness and high density give it military applications in penetrating projectiles, and of course it is the key ingredient in tungsten carbide-based tools. Tungsten compounds are also often used as industrial catalysts.

  Survey states that China has been the world’s largest consumer of tungsten for the past 20 years, increasing its share of world tungsten use from just under 30% in 1996 to nearly 60% in 2016 when world consumption of contained tungsten reached just over 100,000 tonnes. China is also still the world’s main producer of primary tungsten accounting for almost 80% of output in 2016.

  However, the proportion of exports accounted for by the main intermediate, ammonium paratungstate (APT) powder products from China has decreased since 2008 along with exports of tungsten products such as oxide and metal powders. Instead, China has focused on increasing production and export of higher added value W products such as mixed metal carbides and cemented carbides.

  In terms of end uses, cemented carbides remained the largest consuming sector in 2016 at more than 50% of total tungsten demand. This sector grew by more than 4% per annum between 2008 and 2016, mainly propelled by growth in production in China.

  Tungsten as an alloying element for steels and alloys continued to be the second largest end use for the metal in 2016, primarily in high speed steels and other tool steels.

  According to the statistic,tungsten market looks to rebalance this year.SHAAXI YUHENG is a professional China manufacturer and supplier of tungsten electrodes.We mainly produce all kinds of tungsten electrodes and other tungsten products.Please contact us if you are interested in our tungsten products.

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