Sharp Rise In Tungsten Rod Price Driven By The Cost

Details: Category: Tungsten's News; Published on Monday, 27 April 2015 19:23

A sharp rise in the tungsten rod price was greatly connected with the price of tungsten concentrate which is known as upstream raw material. Topping the industry chain, tungsten concentrate is the primitive raw material and its price changes will set up a chain of reaction in the cost and offer.

In addition to the influence of cost, there are other considerable factors. In the first half of 2013, a shrink in the supply side yet the inflation in the demand side were thought to be the direct cause of the price rise. The demand side point the way that, with the economic transformation and upgrading in the future China, the consumption structure will significantly improve. By then, tungsten carbide consumption growth is expected to exceed 10%, and overall consumption of tungsten will reach 8%. In addition, global military spending will keep grow in the next five years which will inevitably drive the global tungsten consumption.

In the long run, a monopoly on tungsten supply will be almost common. In the position where the supply is controlled, the cost is increased and the demand side keep steady, the posibility of the price growth is considerable.

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