Product
Tungsten Carbide Price Trends and Forecast
Tungsten Carbide Price Trends and Forecast
Regional Price Overview
Get the latest insights on price movement and trends analysis of Tungsten Carbide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Tungsten Carbide Price Trends for First Half of 2023
The production process of tungsten carbide involves the use of tungsten metal, and thus, its price trends depends on its market activities. It has extreme hardness and wear resistance, due to which it is extensively used in making mining equipment, aerospace and defense tools, and heavy-duty products.
In the first two quarters of 2023, the prices of tungsten fluctuated but remained on the lower end of the spectrum as the performance of end-user industries faced severe volatility. During this phase, the rates of exports from China declined, which caused disruptions in the supply chains. The semiconductor industries also suffered from this restricted supply.
However, on the other hand, Group 6 Metals initiated the functioning of new tungsten mines in Australia which increased the production rates while the trading activities moved southwards.
Analyst Insight
According to Procurement Resource, the prices of Tungsten Carbide are expected to depict a fluctuating trends as the rise in production rates, weak trading activities, and oscillating demand will direct its prices.
Procurement Resource provides latest prices of Tungsten Carbide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Tungsten carbide is a water-resistant compound that is utilized in several industrial processes. In addition to this, it also has a high melting point and exceptional thermal stability to withstand extreme reaction conditions. It also possesses excellent strength and durability, which are essential in a wide range of chemical processes such as mining, metalworking, aerospace, etc.
Product Details
| Report Features | Details |
| Product Name | Tungsten carbide |
| Chemical formula | WC |
| Industrial Uses | Metalworking, Mining and construction, Aerospace and defense, Oil and gas industry, Metal forming |
| CAS Number | 12070-12-1 |
| Molecular weight | 195.86 g/mol |
| HS Code | 28499020 |
| Supplier Database | Umicore, CERATIZIT S.A., American Elements, Kennametal Inc, Extramet Products LLC |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
In this process, tungstic acid reacts with ammonium paratungstate in a gaseous mixture of hydrogen and methane. The reaction occurs at around 1000°C and gives tungsten carbide as the final product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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