Analysts forecast global tungsten carbide market to Grow at 5.19% CAGR during the period 2017-2021. To calculate the market size, the report presents in-depth research of the market by key vendor landscape, way of study, synthesis, and summary of data from various sources. Tungsten carbide is an inorganic compound that contains tungsten and carbide in equal proportions. Owing to its extraordinary hardness (three times that of steel), tensile strength, and wear resistance, it is used in a wide range of applications such as machine tools, cuttings tools, dies, punches, abrasives, and many other applications. It serves end markets such as mining and construction, automotive, power generation and fluid power manufacturing, aerospace and defense, and others.

Tungsten market in the first half of year 2017 shows tungsten market is in process of recovery, the whole industry is stable, price is rising slightly.

In the second half of 2017, tungsten market is still visional. Tungsten concentrate price reaches to RMB 80,000/ton at the end of June, tungsten price cost effect will keep going, price property of tungsten is clear. 

Molybdenum price trend on Jun. 22 is decreasing slowly, including molybdenum concentrate, molybdenum trioxide, ammonium molybdate, ammonium heptamolybdate and sodium molybdate price.