China's Tungsten Industry Condition in 2018

Since 2018, the tungsten industry has generally maintained a stable operation.

The output of major products increased steadily. From January to November, the national tungsten concentrate production was 105,000 tons (WO365%), up 2.8% year-on-year; among them, Fujian, Guangxi and Yunnan production increased by 26.0%, 19.3% and 10.8% respectively; 27 major tungsten smelting and processing enterprises oxidized The output of tungsten, tungsten powder and tungsten carbide increased by 0.9%, 1.9% and 3.8% respectively, and APT production decreased by 2.3% year-on-year; the output of hard alloys of 18 major cemented carbide enterprises was 23,000 tons, up 16.2% year-on-year. The export of tungsten products has increased significantly. In the first three quarters of this year, the export of tungsten products was 29,000 tons (including cemented carbide, the same below), an increase of 1.1%. It is estimated that the annual export of tungsten products will be 35,000 tons, which will remain at a relatively high level. Product prices have stabilized and rebounded. From January to November, the average price of tungsten concentrate was 107,000 yuan/ton, up 21.1% year-on-year; the average price of European APT in London's "Metal Guide" was 315.7 US dollars/ton, up 32.9% year-on-year. Economic efficiency has maintained growth. The main business of the 50 major tungsten enterprises increased 18.6% year-on-year from January to November, and the profit increased by 37.6% year-on-year. Compared with the first quarter, the growth rate decreased slightly by 1.7, 11.6 and 4.1 percentage points respectively.