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Cemented carbide products prices have been raised
2020-06-03
The reason for the current increase in the prices of cemented carbide products is still the continued rise in the prices of the main raw materials tungsten and cobalt.
According to reports, most of the mines were forced to stop production or rectification due to the tightening of the implementation of environmental protection policies by the country last year, and the supply of mineral resources such as tungsten, molybdenum, and rare earths. The majority of mines are still shut down. At the same time, because China supplies about 80% of the world's tungsten raw materials, the reduction in output has led to the reversal of the market's supply and demand relationship, which has changed from a seller's market to a buyer's market.
Tungsten carbide powder, the main raw material of cemented carbide, has risen from about 180 yuan/kg in 2016 to about 275 yuan/kg, and the price has soared by more than 50%. As for the price of cobalt powder, another main raw material of cemented carbide, That can be described as "increasing crazy". At the same time, due to the promotion of overseas prices and the influence of domestic downstream, especially the demand for ternary batteries in new energy vehicles, the price of cobalt has skyrocketed, which has driven the price of cobalt powder to rise synchronously. 250 yuan/kg has been rising to the current 770 yuan/kg, an increase of more than 300%, which is really staggering!
As a result, the production cost of cemented carbide production enterprises has risen sharply, but the price of cemented carbide products has not increased much throughout the year. Carbide production enterprises generally face the embarrassing situation of increasing income but reducing profits or even unprofitable. At present, cemented carbide manufacturers have been unable to afford the cost of raw materials rising, and now many cemented carbide manufacturing companies are forced to help but can only increase product prices.
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