Tungsten Market Outlook to 2016
Happy Christmas Day! Today, let us talk about tungsten market outlook to 2016.
UK Roskill Information Service has published the 10th edition of its market forecast of the tungsten industry-tungsten market outlook to 2016. Roskill mentions the historical position of the tungsten market from the 1990s when most western tungsten producers stopped tungsten production in the face of Chinese tungsten oversupply and low prices. In 2000, the Chinese government began to control its tungsten industry by imposing production and export quotas and removing export rebates on tungsten products. As stockpiles have dwindled, tungsten seems to have strong market fundamentals.
The recovery in tungsten prices since the credit crisis and economic recession in 2009 has also been much stronger. The majority of the new projects are scheduled to come on stream between 2013 to 2015 and the significant increase in tungsten would come in the 2014 to 2016 period. It is forecasted that tungsten would grow to about 100,000 tons by 2016. Demand for tungsten is expected to continue to grow to 2016 and beyond.
When you see our range of tungsten products, we are sure you will be able to find what you are looking for. We have our own ISO 9001:2008-certified factory that covers an area of 2,000 m2. Currently our largest export markets are in U.S., India, Europe. Let our 22 years of exporting experience service you and you can count on us.
For service in English, contact us today!
UK Roskill Information Service has published the 10th edition of its market forecast of the tungsten industry-tungsten market outlook to 2016. Roskill mentions the historical position of the tungsten market from the 1990s when most western tungsten producers stopped tungsten production in the face of Chinese tungsten oversupply and low prices. In 2000, the Chinese government began to control its tungsten industry by imposing production and export quotas and removing export rebates on tungsten products. As stockpiles have dwindled, tungsten seems to have strong market fundamentals.
The recovery in tungsten prices since the credit crisis and economic recession in 2009 has also been much stronger. The majority of the new projects are scheduled to come on stream between 2013 to 2015 and the significant increase in tungsten would come in the 2014 to 2016 period. It is forecasted that tungsten would grow to about 100,000 tons by 2016. Demand for tungsten is expected to continue to grow to 2016 and beyond.
When you see our range of tungsten products, we are sure you will be able to find what you are looking for. We have our own ISO 9001:2008-certified factory that covers an area of 2,000 m2. Currently our largest export markets are in U.S., India, Europe. Let our 22 years of exporting experience service you and you can count on us.
For service in English, contact us today!
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