Outlook of Tungsten Demand in 2013

Tungsten demand, because of its heavy end use applications in machinery and steel, is highly sensitive to worldwide economic conditions.  Tungsten price activity over the past year largely reflected a slowing Chinese economy in which overall tungsten demand is estimated to have contracted in 2012.  In addition, as prices rose precipitously in 2011 many consumers built inventories; these inventories were partially worked down last year. In December 2012, APT prices averaged, basis Metal Pages, $318/mtu, the lowest level since December 2010. 

Over the longer term Chinatungsten expects Chinese economic conditions to continue to support tungsten demand growth rates, albeit slower than in the previous decade.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

• < Prev
• Next >