Cemented carbide raw material prices have been rising in 2017, caused the carbide product production enterprise production costs have risen sharply, the annual carbide product price rose, cemented carbide production enterprises generally face income drops, even without the embarrassing situation. At present, hard alloy production enterprises have been unable to bear the soaring cost of raw materials. At the end of the year, many hard alloy manufacturers are forced to have no choice but to raise the price of products.

In the price of raw materials, tungsten and cobalt rose the most

Tungsten carbide powder, the main raw material of cemented carbide, has risen from about 180 yuan/kg at the beginning of the year to about 269 yuan/kg at the end of this year, and the price has soared more than 50% in the whole year. Tungsten powder is also at the beginning of the year from 2017 181 yuan/kg all the way up, early September when the highest even up to nearly 300 yuan/kg, regeneration of the price of tungsten carbide powder is from the beginning of the end of 158 yuan/kg has been up to now 208 yuan/kg, rose by nearly 35%.

Tungsten, another major material for cemented carbide, has also risen sharply. The price of cobalt almost doubled in 2017, according to metal bulletin, trading at around $29 a pound. According to ubs, cobalt was the best base metal in 2017.

Of course, there are many reasons for the price increase, and the increase of raw material costs is only one of the reasons. The increase in operating costs and labor costs is also an important reason for the increase. In recent years, with the upgrading of the consumer market, the demand for high quality products has increased, while high-quality products are often accompanied by high costs, and the price increases will naturally follow.

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