Commodity Index of Ammonium Paratungstate is 37.02 on November 5, unchanged from yesterday, which make a historical new low record in cycle, compared with the highest point of 100.00 points on September 1, 2011 decreased by 62.98%.

Tungsten Oxide, Tungsten Powder Manufacturer & Supplier: Chinatungsten Online - www.tungsten-powder.com
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Commodity Index of Ammonium Paratungstate is 37.02 on November 4, unchanged from yesterday, which make a historical new low record in cycle, compared with the highest point of 100.00 points on September 1, 2011 decreased by 62.98%.

Tungsten Oxide, Tungsten Powder Manufacturer & Supplier: Chinatungsten Online - www.tungsten-powder.com
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A new report has been published by Transparency Market Research, titled “Drill Bits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. TMR, a market intelligence company based in the U.S., says in its report that the global drill bits market was estimated to have a total volume of 2,597 hundred units in 2012 and is predicted to experience growth at a CAGR of 4.9% between 2013 and 2019.As per the TMR report, a few years ago, the development in the technology of drill bits grew at a rapid pace, since the drilling engineers were consistently crafting bits for efficient drilling with enhanced rates of penetration on the basis of durability as well as speed. There are two primary types of drill bits utilized for gas and oil drilling activities, namely fixed cutter bits and roller cone bits. The roller cone bits can be further classified as milled-tooth bits and tungsten carbide inserts.

Fixed cutter bits obtainable in the market are either natural diamond cutters or polycrystalline diamond cutters (PDCs). In 2012, on the basis of volume, the drill bits market was led by the roller cone bits segment. However, due to greater durability and efficiency, fixed cutter bits, particularly PDC bits are acquiring popularity in the market. These cutters substantially enhance the penetration rate and drilling operation in abrasive formations. However, the cost of these bits, which are technologically advanced, is immensely high. According to this TMR report, the elevating demand for energy from both developing and developed economies is the preeminent factor driving the global oilfield equipment market. Rising world energy demand, coupled with high prices for natural gas and oil, is driving investment in drilling activities across the globe. Additionally, growing interest in offshore drilling is predicted to boost the activities pertaining to offshore exploration and production (E&P) worldwide. Thus, increase in onshore and offshore drilling activities and exploration across the globe is likely to lead to considerable demand for drill bits in the forthcoming future.

The TMR study states that small-scale miners find it difficult to implement such developed products, as it raises the overall cost of operation. To add to this, the utilization of drill bits is decided by its true cost to benefit ratio. Normally, in drilling activities related to higher depths and for abrasive/hard surfaces, PDC drill bits are suggested, as they assist in reducing the overall time of drilling activity by diminishing persistent stops required for replacement/repair of drill bits.

Browse the full Drill Bits Market for Oil and Gas Industry Application (Milled-tooth bits, Tungsten carbide inserts, Polycrystalline diamond bits (PDC) and Natural diamond bits) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

As per this TMR research report, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Geographically, North America is predicted to remain the largest market for drill bits owing to the growth of production activities and exploration in this region. The count of oil rigs in the U.S. is increasing consistently, reflecting improved oil drilling activities in the U.S. The share of North America was approximated to be 35.7% of the overall share of the global drill bits market in 2012. (The End)

Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
Tel.: 86 592 5129696; Fax: 86 592 5129797
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A new report has been published by Transparency Market Research, titled “Drill Bits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”. TMR, a market intelligence company based in the U.S., says in its report that the global drill bits market was estimated to have a total volume of 2,597 hundred units in 2012 and is predicted to experience growth at a CAGR of 4.9% between 2013 and 2019.As per the TMR report, a few years ago, the development in the technology of drill bits grew at a rapid pace, since the drilling engineers were consistently crafting bits for efficient drilling with enhanced rates of penetration on the basis of durability as well as speed. There are two primary types of drill bits utilized for gas and oil drilling activities, namely fixed cutter bits and roller cone bits. The roller cone bits can be further classified as milled-tooth bits and tungsten carbide inserts.

Fixed cutter bits obtainable in the market are either natural diamond cutters or polycrystalline diamond cutters (PDCs). In 2012, on the basis of volume, the drill bits market was led by the roller cone bits segment. However, due to greater durability and efficiency, fixed cutter bits, particularly PDC bits are acquiring popularity in the market. These cutters substantially enhance the penetration rate and drilling operation in abrasive formations. However, the cost of these bits, which are technologically advanced, is immensely high. According to this TMR report, the elevating demand for energy from both developing and developed economies is the preeminent factor driving the global oilfield equipment market. Rising world energy demand, coupled with high prices for natural gas and oil, is driving investment in drilling activities across the globe. Additionally, growing interest in offshore drilling is predicted to boost the activities pertaining to offshore exploration and production (E&P) worldwide. Thus, increase in onshore and offshore drilling activities and exploration across the globe is likely to lead to considerable demand for drill bits in the forthcoming future.

The TMR study states that small-scale miners find it difficult to implement such developed products, as it raises the overall cost of operation. To add to this, the utilization of drill bits is decided by its true cost to benefit ratio. Normally, in drilling activities related to higher depths and for abrasive/hard surfaces, PDC drill bits are suggested, as they assist in reducing the overall time of drilling activity by diminishing persistent stops required for replacement/repair of drill bits.

Browse the full Drill Bits Market for Oil and Gas Industry Application (Milled-tooth bits, Tungsten carbide inserts, Polycrystalline diamond bits (PDC) and Natural diamond bits) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

As per this TMR research report, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Geographically, North America is predicted to remain the largest market for drill bits owing to the growth of production activities and exploration in this region. The count of oil rigs in the U.S. is increasing consistently, reflecting improved oil drilling activities in the U.S. The share of North America was approximated to be 35.7% of the overall share of the global drill bits market in 2012. (The End)

Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:sales@chinatungsten.com
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Kennametal (KMT) announced its quarterly earnings results on Tuesday, Nov-3-2015. The company reported $0.14 Earnings Per Share for the quarter, missing the analyst consensus estimate by $-0.08. Analyst had a consensus of $0.22 EPS. The company had revenue of $555.00 million for the quarter, compared to analysts expectations of $572.15 million.The company’s revenue was down -20.1% compared to the same quarter last year. During the same quarter in the previous year, Kennametal posted $0.56 EPS.

Kennametal Inc. (NYSE:KMT) : On Friday heightened volatility was witnessed in Kennametal Inc. (NYSE:KMT) which led to swings in the share price. The shares opened for trading at $27.82 and hit $28.25 on the upside , eventually ending the session at $28.12, with a gain of 1.44% or 0.4 points. The heightened volatility saw the trading volume jump to 1,347,767 shares. The 52-week high of the share price is $40.95 and the company has a market cap of $2,233 million. The 52-week low of the share price is at $23.77 .

Kennametal Inc. has dropped 9.44% during the last 3-month period . Year-to-Date the stock performance stands at -20.14%.Shares of Kennametal Inc. (NYSE:KMT) rose by 2.03% in the past week and 7.82% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.83% and the outperformance increases to 1.18% for the last 4 weeks.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The director of Kennametal Inc, Stranghoener Lawrence W sold 6,160 shares at $37.1 on May 20, 2015. The Insider selling transaction had a total value worth of $228,536. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 3% of Kennametal Inc. shares according to the proxy statements. Institutional Investors own 97.78% of Kennametal Inc. shares.

Kennametal Inc. (Kennametal) is a supplier of tooling, engineered components and advanced materials consumed in production processes. It operates in two segments: Industrial and Infrastructure. The Company’s product offering includes a wide selection of standard and customized technologies for metalworking, such as metal cutting tools, tooling systems and services, as well as advanced, materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. The Company specializes in developing and manufacturing metalworking tools and wear-resistant engineered components and coatings using specialized types of powder metallurgy. The Company’s metalworking tools are made of cemented tungsten carbides, ceramics, cermets and super-hard materials. In November 2013, Allegheny Technologies Inc has completed the sale of its tungsten materials business to Kennametal Inc.

Tungsten Carbide Manufacturer & Supplier: Chinatungsten Online - http://www.tungsten-carbide.com.cn
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Commodity Index of Ammonium Paratungstate is 37.02 on November 3, 0.71 lower than yesterday, which make a historical new low record in cycle, compared with the highest point of 100.00 points on September 1, 2011 decreased by 62.98%.

Commodity Index of Paratungstate is 37.73 on November 2, unchanged from yesterday, which make a historical new low record in cycle, compared with the highest point of 100.00 points on September 1, 2011 decreased by 62.27%.

Tungsten Oxide, Tungsten Powder Manufacturer & Supplier: Chinatungsten Online - www.tungsten-powder.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
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