The Tungsten Industry Fundamentals Analysis - Ⅱ
- Details
- Category: Tungsten's News
- Published on Monday, 14 January 2013 18:09
Tungsten Carbide branch of the China Tungsten Industry Association predicted that by 2015, China carbide production will reach 30,000 tons, according to tungsten carbide industry consumption accounted weighted calculation; the carbide industry consumption of tungsten will keep 10 % growth.
According to the “12th Five-Year Plan” of the steel industry, to 2015 , special steel production accounts for a total steel output accounted for from the current 5% to 10% , weighted according to the proportion of tungsten consumption of steel industry , special steel industry tungsten consumption growth is maintained at between 7 % and 8 % . We assume that the consumption growth of the rolled products industry and other industries tungsten’s 0, according to the proportion of each downstream industry weighted, we calculate that the tungsten demand will maintain a 7.5% growth in the future.
Price: supply smooth contraction and steady growth in demand support the price of tungsten upward.
By the above analysis, in the next few years, the supply of tungsten is decreasing by about 1% and the demand is increasing by 7.5%per year, the supply contraction and demand addition supporting the tungsten price for a long-term upward. Taking into account the integration with the the Minmetals Group of tungsten industry in recent years, the tungsten industry concentration continuo improvement of, higher industry concentration makes Chinese tungsten industry has the ability to appropriate adjustments to supply downstream demand conditions , tungsten basic surface in the state for slightly less than the demand . Finally, if we take into account the rising cost of purchasing and storage as well as state and local governments may behavior of tungsten production factors, we believe that the long-term price of tungsten in the uplink channel industry leaders in the process of rising prices , the most obvious benefit.
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