Tungsten Supply and Demand
As a strategic metal, tungsten is widely used in metallurgical machinery, petroleum chemistry, aerial and space industries and national defence engineering. So, today we are going to talk about tungsten supply and demand.
China has rich tungsten resources. During the past 10 years, China supplys more tungsten than the demand. By the end of 1998, China’s tungsten production capacity exceeded 35,000 tons. In recent years, the global demand for tungsten has been about 31,000 tons, whild China’s tungsten production in 1998 amounted to about 22,000 tons, making up 71% of the global tungsten demand.
At present, China’s domestic tungsten demand is about 8,000 tons and most of its tungsten is exported. While, excess tungsten exports have caused a decline in the global tungsten price, which is unfavorable to the development of China’s tungsten industry.
Varied international and domestic tungsten markets make it difficult to accurately predict the future demand for tungsten.
It is necessary to maintain and give full play to tungsten superiority to guarantee a sustainable development of China’s tungsten industry.
Above is about tungsten supply and demand.
Zhengzhou Sanhui Co., Ltd is a large professional tungsten manufacturer. We are dealing in tungsten for more than 20 years. We have our own ISO 9001:2008-certified factory in Luoyang and enjoy convenient air, railway and express transportation. Every tungsten products will be carefully inspected before exporting, which helps us win a high reputation among global buyers.
For more information, contact us today!
China has rich tungsten resources. During the past 10 years, China supplys more tungsten than the demand. By the end of 1998, China’s tungsten production capacity exceeded 35,000 tons. In recent years, the global demand for tungsten has been about 31,000 tons, whild China’s tungsten production in 1998 amounted to about 22,000 tons, making up 71% of the global tungsten demand.
At present, China’s domestic tungsten demand is about 8,000 tons and most of its tungsten is exported. While, excess tungsten exports have caused a decline in the global tungsten price, which is unfavorable to the development of China’s tungsten industry.
Varied international and domestic tungsten markets make it difficult to accurately predict the future demand for tungsten.
It is necessary to maintain and give full play to tungsten superiority to guarantee a sustainable development of China’s tungsten industry.
Above is about tungsten supply and demand.
Zhengzhou Sanhui Co., Ltd is a large professional tungsten manufacturer. We are dealing in tungsten for more than 20 years. We have our own ISO 9001:2008-certified factory in Luoyang and enjoy convenient air, railway and express transportation. Every tungsten products will be carefully inspected before exporting, which helps us win a high reputation among global buyers.
For more information, contact us today!
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