SMM news: the first three quarters of 2017, China's tungsten industry production and export trade continued to maintain a growth momentum, the market demand gradually recover, the contradiction between supply and demand continues to improve, the price rose concussion, enterprises to reduce the profitability of enhanced economic benefits of tungsten industry obviously improved, continued steady for the better.

Economic operation

China tungsten Association statistics in tungsten industry before the three quarter revenue grew 25.26% year-on-year growth of 109.49%; to achieve profits; profit grew 362.23%, an increase of 25.3 percentage points than the first half; the export of tungsten products 22 thousand and 100 tons (metal content), an increase of 38.21%. The economic operation of the tungsten industry in the first three quarters has the following characteristics.

The first is that the output of tungsten concentrates is stable and the production of smelting and processing products increase. China Tungsten Association statistics tungsten mining enterprises in the first three quarters of this year, tungsten concentrate output increased by 4.22%. In 2016, the output of tungsten concentrate in China decreased by 3.88% compared with 2015. Due to the low base period, the output in the first three quarters of this year increased year by year. Due to the decline of tungsten resource grade, the increase of production cost, the low market price, the difficulty of funds and the pressure of safety and environmental protection, the output of tungsten concentrate is stable and difficult to grow. In the first three quarters of this year, the tungsten concentrate production of tungsten mine enterprises in the tungsten association was 9.20% lower than that of the same period in 2015.

In the first three quarters, with the gradual improvement of market demand and the rise of market price shocks, the production of downstream smelting and processing enterprises kept growing. Besides tungsten wire products, the output of other tungsten smelting products increased considerably. Chinese tungsten Association statistics in tungsten smelting and processing enterprises in the first three quarters of this year the main processing of tungsten smelting products APT, tungsten oxide, tungsten powder, tungsten carbide, ammonium metatungstate, tungsten, hard alloy, high specific gravity, tungsten crucible and for an increase of 35.42%, 14.60%, 16.64%, 1