people from all walks of life  will gather in Chengdu to discuss the hot issues and the future trends in tungsten and cemented carbide industries on 26-28, May 2013.

Nowadays, with the demand weakening of cemented carbide and special steel, tungsten raw materials price shrank, which caused that the enterprises’ profitability reduced and the operating environment worsened in APT, tungsten powder, tungsten carbide power, tungsten bars and cemented carbide industries. So it is most important to find a positive and sound development road for enterprises and the whole industry. Under the background of flourishing cemented carbide market, many enterprises need figure out its clear position to direct the future development.


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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 is one of the major producers of tungsten carbide rod, the primary material needed for tungsten carbide rod. Large reserves of tungsten carbide rod can be found in certain countries such as Bolivia, Canada and the United States. Today, around 30,000 tons of tungsten carbide rod are produced annually throughout the world. Only 10 tons per year were being manufactured in the 1930's when it was first gaining widespread use.

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.