China's tungsten carbide industry is developing rapidly, but still there is a problem, the situation is worrying.

Tungsten carbide industry in China the main problems: First, small scale enterprises, industry concentration is not high. According to incomplete statistics, 199 carbide Gold average annual production capacity of 176 tons, with an average annual production of 86 tons, annual output of more than 1,000 tons 4. Less investment in science and technology, The lack of high-end technical personnel, R & D capability is weak. Tungsten carbide industry in China in science and technology inputs less than 3% of the sales revenue, scientific.
 

China tungsten concentrate market keeps quiet, suppliers inactive in selling materials and most of the market participants hold wait-and-see attitudes towards the future market.

Furthermore, with the increasing tungsten concentrate prices, many tungsten concentrate suppliers are unwilling to sell materials now. The tungsten concentrate market is hard to see the low offers. 

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Ferro-tungsten market was very quiet yesterday, but that was largely a result of European holidays. Today nearly all offers in the market are around USD46.00/kg W in warehouse Rotterdam. It is hoping to purchase a truckload at USD45.50/kg W in warehouse Rotterdam this morning but have nothing concrete yet so the deal is still in doubt. The main problem at the moment is finding material in Europe for prompt release. People are just sitting on their stock and watching the prices shoot up.

Since China adopted a positive and sound macroeconomic policy, the national economy grows rapidly, it results the rapid growth of the tungsten carbide demand. At the same time of tungsten carbide growth in demand, the production is also increasing from 14.5 thousand tons in 2006 to grow to 24 thousand tons in 2011, a compound annual growth rate reaches 10.60%.

Tungsten carbide with high hardness, strength, wear resistance and corrosion resistance is called the "industrial teeth". It is used in the manufacture of cutting-away tools, cutting to