The Rebound Of Machine Tool Industry Brings Good News to Tungsten Industry

According to the statistics released by the Association of China Machine Tool, , China machine tool industry achieved a total output value of 717.653 billion yuan, from January to December in 2012, increased by 12.59% on year-on-year basis. The total sales value reached 696.117 billion yuan, rose by 12.34%, the sales-output ratio was 96.99%. A big drop in the increase of sales volume of machine tool industry was obvious, during the time from January to December. Among which, the growth rate of cutting tool manufacturing and metal-cutting machine tool manufacturing drop tremendously, the growth rates fell 32.5% and 17.59% respectively. The exporting value of machine tool was 41.895 billion yuan in 2012 , increased by 17.14% compared with that of last year.

Machine tool industry is one of the application fields of tungsten industry, where tungsten carbide cutting-tool and metal-cutting machine tool account for a big part. The rebound of machine tool industry brings good news to tungsten carbide, the rebound meanwhile indicates the recovery of tungsten industry.

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