1. Protection and Glazing
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Features:
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Application: Car bodywork
Item No.: AW-103
Packing: 270G/can 24/carton
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Tungsten Industry In-depth Report: Hard air does not change, temporarily crouch
Widely used and irreplaceable strategic resources Tungsten is a kind of metal with high hardness, high melting point and good strength. It is widely used in machinery, special steel, defense and military industries. Therefore, tungsten is an important strategic resource, and the world's powerful countries pay more attention to the protection of tungsten resources. Since the 1990s, China has also established industry associations, introduced a number of laws and regulations, and strictly supervised and protected tungsten resources. China occupies a resource advantage, and the quota system restricts the supply of global tungsten resources to be scarce and concentrated. China's proven reserves account for 65.5% of the world's total, with obvious advantages. Since 2001, China has begun to implement tungsten resource exploitation quotas and export quota systems, effectively curbing global tungsten supply. The supply of foreign countries has been decreasing year by year, the recycling rate of waste tungsten is limited, and the growth rate of tungsten supply is slow. The downstream industry drives demand, and the domestic demand for hard alloys is vast. Tungsten is mainly used in hard alloys, steel and alloys, and chemical industries. The proportion of hard alloys accounts for about 50%. Domestic cemented carbide tool production accounts for only about 25% of total tool production, while cemented carbide tool consumption in developed countries accounts for 65% of tool consumption. Domestic cemented carbide has a broad future development space. At present, the output of cemented carbide in China is about 22,000 tons. Experts predict that by the end of the "Twelfth Five-Year Plan", China's cemented carbide production will reach 30,000 tons. In addition, the “Twelfth Five-Year Plan†clearly encourages new tungsten-containing materials or becomes a new driving force for tungsten demand. In the long run, the demand for tungsten will maintain rapid growth and form a strong support for price increases. Short-term demand fell, tungsten prices were temporarily suppressed. The European debt crisis in 2012 did not improve. The US economy was weak, China's economic growth slowed down, and demand for tungsten products continued to decline. However, the current price of tungsten concentrates, upstream mining companies still have profits, tungsten concentrate mining and mining to maintain a high operating rate, China's tungsten concentrate production in the first 8 months of 2012 increased by 16%, resulting in oversupply, tungsten prices presented A downward trend. In the short term, the recovery in demand is the key to the stabilization and recovery of tungsten prices. Industry Rating: From the current domestic and international macroeconomic situation, we believe that the possibility of near-term improvement in tungsten demand is not large, and the price of tungsten concentrate will remain difficult to rebound at a level of 100,000/ton. The short-term profitability of the tungsten industry was suppressed and the industry was temporarily “heldâ€. However, tungsten is a rare metal with absolute advantages in China. As the country gradually strengthens industry consolidation, supply growth will gradually slow down, while demand in the field of cemented carbide will increase faster in the long run. Many are in a tight state, we are optimistic about the prospects of the tungsten industry, and it is recommended to follow closely. Risk warning: global economy is weak, downstream demand is weak; foreign tungsten mines resume production to make up for China's tungsten supply contraction; national policy changes or industry consolidation affect business operations and status.