The price of tungsten carbide raw material keeps rising over the whole 2017. According to the statistics of our China hard alloy business network, the main raw material of tungsten carbide powder has been increased from RMB180/kg to RMB270/kg at the beginning of 2017, and the price has soared by more than 50%Tungsten powder is also all the way up from RMB181/kg at the beginning of 2017, the highest in early September when rose to nearly RMB300/kg, even though slightly down afterwards, but there are still RMB274/kg, by the end of year rose more than 50%. The price of the recycled tungsten carbide powder has risen from about RMB158/kg at the beginning of 2017 to 208 yuan/kg at the end of 2017, up by nearly 35 percent.
As for the price of raw material for hard alloy, it can be described as extremely soar. Because of the push of the metal cobalt by overseas prices and domestic downstream especially new energy vehicles ternary battery demand, cobalt price jumped all the way, so as to drive the cobalt powder price also synchronous strong gains, cobalt powder prices have beenraising from early 2017s 300 yuan/kgup to 650 yuan/kg, yearly increasing percentage more than 110%, it's dumbfounded.
The prices of raw material go up, led to the production costs have risen sharply for those who producing tungsten products, but at the downstream, tungsten finished products have not up too much at price through the year, the production enterprises generally face income drops, even an embarrassing situation of without profit. Tungsten product manufacturers have been unable to bear the cost of rising raw materials, and allbe forced to raise their prices start from the tail of 2017.
At the beginning of 2018, the raw material is constantly go up at price, tungsten powder now is about RMB282/kg. tungsten carbide powder, recycled tungsten powder is raising for no exception. all the downstream of tungsten industry be forced to adjust their price.at the beginning of 2018. Chinese traditional new year is upcoming. lots of heavy orders need to be finished before Chinese spring festival, the consuming of tungsten powder becoming strong, however, tungsten powder is regulated by green environment restriction orientation, more and more small and medium W powder producers are coerced into shut down, to some extent cause to shortage so that stimulate the raising of tungsten price.