On July 15, 2020, the "China Tungsten Industry Market and Application Summit Forum and China cemented Carbide Market Application Symposium" sponsored by SMM was held in Zhuzhou. More than 150 guests participated in the meeting. Deng Weimin, secretary of Zhuzhou Municipal Committee for discipline Inspection, executive vice president of Zhuzhou cemented Carbide Association, and Fan Xin, CEO of Shanghai Nonferrous Network Information Technology Co., Ltd., delivered speeches at the meeting. Several industry experts, corporate bigwigs and SMM senior analysts have made a comprehensive and in-depth analysis of the current situation, future development prospects and technical fields of the industry on the spot.
Yang Xuanzeng, General Manager of Shandong cemented Carbide Co., Ltd.
The theme of the lecture is the mahjong philosophy of tungsten market.
From the perspective of industrial value chain, cemented carbide industry chain covers upstream tungsten mining and gravity water separation tungsten concentrate. Smelting in the middle reaches of the powder plant, crystallization APT, calcined tungsten oxide, reduction of tungsten powder, high temperature tungsten carbide. Downstream cemented carbide plants use powder metallurgy to produce tungsten carbide-cobalt cemented carbide or other cemented carbide superhard materials containing tungsten carbide.
Tungsten resources are owned by the government, and the mining rights, management rights, environmental protection, total mining volume and export quotas of tungsten deposits are also strictly controlled and controlled by governments at all levels, so the upstream market of tungsten market is relatively closed, restricted and protected by relevant national policies. Even so, overmining is still very common.
Tungsten is produced in China and supplied all over the world. Downstream cemented carbide enterprises consume about 60% of tungsten resources. The mid-stream powder processing manufacturers and downstream cemented carbide manufacturers are open markets. If China's tungsten market is compared to a mahjong field, and the upstream enterprises have a lot of chips, then the cemented carbide players downstream are like playing mahjong, which are fair and open, and can be played if they want, only the difference between the size of the chips and the method of game. full of competition and unknown. The competition among cemented carbide enterprises is the competition of talent, technology, capital, product quality and service.
The interests of enterprises in most industries are closely related to each other. From the regional and regional performance of national competition, from the product structure, large factories face the competition of small factories. The overall profit level of the industry has declined. The competition of domestic cemented carbide enterprises is mainly concentrated in the middle and low-end market. as the industry as a whole enters a new period of structural adjustment, it will be one of the future development directions of the industry to promote the transformation of cemented carbide industry to resource-intensive development by increasing industrial concentration and improving the efficiency of tungsten resources development and utilization.
With the intensification of competition, the pace of integration of forward integration and backward integration of large enterprises is accelerated. Any enterprise that cannot keep up with technological progress will face the risk of being eliminated. Socialized division of labor is the inevitable result of social development, competition is not you but I live. Competition is to outperform the needs of customers, is to find their own unique channel. As the industry competition has great uncertainty, it is meaningless to predict the outcome of the competition. We must be in awe of the market and respect the market. The development of the market is often independent of people's will.
[tungsten Summit] the mahjong philosophy of tungsten market! Analysis of key Raw Materials for the Development of Tungsten and cemented Carbide Industry
Zhu Xiusheng, consultant of Ganzhou Haisheng Tungsten and Molybdenum Group Co., Ltd
The topic of the speech is the current domestic tungsten market.
According to the National Bureau of Statistics, the output of 12 provinces, municipalities and autonomous regions from January to May was 47763 tons, an increase of 1.87 percent over the same period last year. According to data from the China Tungsten Industry Association, the output of 35 mines in the first quarter was 15248 tons, down only 0.15 percent from 15271 tons in the same period last year. It seems that mine output has remained basically unchanged.
From the point of view of domestic consumption, only statistics show that the reduced output of processed products in the first quarter compared with the same period last year consumes relatively little APT1000 tons, and the industry-wide calculation should be larger than this data. In the first half of the year, coupled with the reduction of tungsten exports, the consumption reduced by at least 6000 tons of APT.
According to statistics in the first quarter, 24 APT production enterprises produced 17,100 tons of APT, which was 3300 tons less than that of 20400 tons in the same period last year. According to the statistics, 24 enterprises have a APT production capacity of 136500 tons, and there are 39 domestic APT enterprises with a production capacity of 204300 tons. The amount of APT produced less than that of the same period last year must be more than 3300 tons. According to this ratio, the less APT produced in the first half of the year is roughly equal to the less consumed APT. Inventory has basically not decreased in the first two years.
The result is that the market is still oversupplied, the inventory is still large, and the tungsten market is still on a downward track.
[tungsten Summit] the latest situation and prospect of tungsten market demand may grow rapidly in the second half of the year!
Hu Yan, senior analyst of tungsten industry at SMM
Lecture topic: market Review and Price Prospect of China's Tungsten Industry from 2019 to 2022
The global tungsten resources are mainly concentrated in China, Canada, Russia and other countries. According to the data of the US Geological Survey, in 2019, the global tungsten reserves were 3.2 million tons, while China's tungsten reserves were 1.9 million tons, accounting for 59.4 percent of the global total. In addition, countries with more than 100000 tons of metal are Canada and Russia. China's tungsten resources are mainly distributed in Hunan, Jiangxi, Henan, Fujian and Yunnan provinces, accounting for more than 90% of China's tungsten reserves.
2020, as we all know, is a very special year. Affected by the epidemic of Xinguan pneumonia, the production of tungsten concentrate in China decreased greatly in the first half of the year, especially in the first quarter of this year. According to SMM, China's tungsten concentrate production was 121000 tons in 2012, and has basically increased year by year since 2013, with only a slight decline of 3 per cent and 5 per cent in 2016 and 2018, respectively. Combined with the situation in 2020, we think that the total output this year will drop by about 15% compared with the same period last year.
In the following two years, 2021 and 2022, mine production and downstream demand will gradually recover. However, due to domestic policy control, resource endowment, mining cost, safety and environmental protection and other problems, the output of the main tungsten mine is difficult to achieve great growth in the future. So the growth rate in the past two years will be about 10%.
Affected by epidemic factors at home and abroad this year, the performance of domestic consumption and exports is not satisfactory, and prices fell in the first half of the year. By the end of June, tungsten concentrate prices were down 8% from the beginning of the year and apt prices were down 10% from the beginning of the year. We believe that after repeatedly bottoming out prices in June, prices accumulated upward momentum in July, and with the recovery of consumption in downstream areas such as cemented carbide, the whole will fluctuate upward in a certain space in the second half of the year. The mainstream operating space of tungsten concentrate is between 80-90 thousand yuan / ton, and the main operating space of APT is between 12-140000 yuan / ton.
[tungsten Summit] SMM: Tungsten Price savings upward in July Kinetic Energy is expected to rise in the second half of the year
Zhang Zhongjian, Executive Director of Zhuzhou cemented Carbide Industry Association
The topic of the speech is the situation and development prospect of China's cemented carbide industry under the normalization of the epidemic situation of the new crown.
In 2019, statistics showed that 14 enterprises had 206.5 million CNC blades, an increase of 6.9% over the previous year, and the growth rate slowed down by 23 percentage points (14 enterprises: Zhuzhou hard Group (Zhuzhou Diamond cutting), Xiamen Jinlu, self-hardening, Zhuzhou Ouke billion, Zhuzhou Sinovel, Jiangxi Tungsten, Zhuzhou Kent, Hebei Hengkai, Chengdu Bangpu, Zhuzhou Jinfeng, Mudanjiang tools, Wenzhou Hongfeng, Chengdu JW, Kunshan Changying), Together with Aoketai, Taizhou Ruian, Zhuzhou Sharp High-tech Materials and other enterprises are expected to total about 240 million pieces, a slight increase. In 2019, the output of ball tooth alloy was 4144 tons, considering that the national ball tooth production of Xiamen Jinlu and Zhangyuan tungsten industry reached about 4620 tons, an increase of 27.6% over the same period last year.
For the development prospect of cemented carbide industry in 2020, Zhang Zhongjian said that from the analysis of the macroeconomic situation at home and abroad in 2020, the market demand is very severe and dangerous, but there are still many opportunities for industrial development. Cemented carbide in terms of the overall development of output and sales revenue, the annual growth rate has declined, but there is an increase in some products. The growth rate is low before and high after, and positive after negative.
[tungsten Summit] the growth rate of cemented carbide demand will decline in 2020, and the price of tungsten and cobalt will be at the bottom stage.
Zhu Haibing, Director of Dongguan NC tool Industry Association
The topic of the lecture is the present situation and future prospect of cutting tools industry in South China.
Tool exports totaled 18.4 billion yuan in 2019, an increase of 6.92 percent over 2018. The import of cutting tools in 2019 was 11.1 billion yuan, which was 4.4% lower than that in 2018. The import of cutting tools in 2019 was 11.1 billion yuan, which was lower than that in 2018, and the overall trend was upward.
For the same commodity code, the price of imported tools is much higher than that of exports. It can be seen that domestic product upgrading still has a long way to go, on the other hand, it also shows that the localization of tools has great potential.
[tungsten Summit] the tool market in South China has initially formed an industry focusing on both production and trade.
Chen Hao, Engineering Research Center of Ministry of Education, efficient Development and Application of Tungsten Resources in Jiangxi University of Science and Technology
Study on preparation of Refractory spherical Powder and Wear-resistant Surface strengthening coating material
Chen Hao, Engineering Research Center of the Ministry of Education for efficient Development and Application of Tungsten Resources in Jiangxi University of Science and Technology, brought "Research on the preparation of Refractory spherical Powder and Wear-resistant Surface strengthening coating Materials" at the meeting. the project background, main technical content, main innovation, technical index and application of the results are explained in detail.
Tungsten is a strategic metal, which plays a very important role in many fields, such as aerospace, national defense, electronic information and so on. Wear and corrosion are the two major damage forms of mechanical parts and engineering components, resulting in amazing economic losses. High-performance hard surface powder material is an important basis and guarantee for energy saving, emission reduction and consumption reduction, supporting the efficient operation of key core components in metallurgical machinery, mining, coal and other fields. The WC produced by traditional reduction and carbonization method is polygonal, poor fluidity and low hardness, so it is difficult to meet the requirements of high-precision and cutting-edge fields.
Study on the preparation of Refractory spherical Powder and Wear-resistant Surface strengthening coating material
Xiong Wei, General Manager of Hunan Huawei Cloud Business Department, Huawei Technology Co., Ltd.
Thoughts on the Construction of Internet Operation platform for Zhuzhou cemented Carbide Industry
Xiong Wei said that the current situation of the cemented carbide industry is mainly high domestic market share, but the unit price is low, and there is much room for product improvement. Zhuzhou is the largest production base in Asia, rich in resources, high output, the first industrial scale in Asia, a complete industrial system, an output value of 17.8 billion in 2019, and a national key laboratory.
The future development path of cemented carbide industry is for enterprises to focus on core competitiveness / industrial collaborative operation, industrial supply chain coordination, industrial production coordination, industrial service synthesis, and reconstruct industrial value with industrial big data. The gathering platform should achieve the efficient coordination of low cost / high quality / high service / short cycle of industrial materials. Logistics platform reduces the waste of logistics personnel and vehicles. The industry outsourcing platform reduces the idle assets of enterprises and enhances the core competitiveness of enterprises, such as focused management, R & D and high-end technology. Industrial outsourcing clusters should promote the construction of industrial equipment sharing park, enterprises light asset operation, such as simulation / equipment sharing.
[tungsten Summit Live] Industry experts and Dajia take you into the tungsten market to learn about the latest industry developments.
At the meeting, Dr. long Gang, director of the Intelligent Manufacturing Research Office of China Machinery International Design and Research Institute, brought a keynote speech on "Digital Intelligent cemented Carbide production Plant Design Exploration and practice". The intelligent factory and lighthouse factory, the present situation and demand of cemented carbide factory, and the exploration of cemented carbide intelligent factory design are explained in detail.
Liao Zhaokang, general manager of Jiangxi Tungsten Industry Co., Ltd. (Trade Department), analyzed the dangers and opportunities of the development of tungsten industry in the turbulent economic environment.
So far, this summit has come to a successful conclusion. Thank you for your support and attention to SMM. Let's get together again at the next session.
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