The total output of China’s cemented carbide industry decreased compared to the same period last year, but the profit increased slightly compared to the same period last year. According to the statistics provided by 57 enterprises, the cumulative carbide production for the year was 44,526.23 tonnes, down 2.65% year on year and 4.06% year on year in the fourth quarter. Taking into account the unaccounted data of the company, the total production of carbide in the country is estimated to be about 50,000 tonnes. Economic efficiency indicators show that the total cumulative annual operating revenue was RMB 37.357 billion, an increase of 7.92% year on year. Cumulative cemented carbide exports were US$624 million, up 16.03% year on year.

Classified production of tungsten carbide

(1)Carbide for cutting tools

Carbide for cutting tools includes CNC inserts, traditional inserts, rods and other cutting carbide. According to the data provided by 40 enterprises, the production of carbide for cutting tools in the fourth quarter was 5044.32 tons, which was 8.88%, 17.5% and 3.26% lower than that of the first quarter, second quarter and third quarter, respectively; the total annual production of carbide for cutting tools was 22296.66 tons, which was 2.22% lower than that of the same period of last year, accounting for 50.08% of the total production of cemented carbide. Compared with the same period of last year, 22 enterprises increased production by 2220.05 tonnes, 18 enterprises decreased production by 2726.19 tonnes, the actual net decrease of carbide for cutting tool production was 506.14 tonnes.

(2) Rock drilling and engineering cemented carbide

Cemented carbide for rock drilling and engineering includes ball teeth, coal cutting teeth, brazing pieces, impact drilling pieces, snow shovel pieces and other cemented carbide for rock drilling and engineering. According to the data provided by 22 enterprises, the output of cemented carbide for rock drilling and engineering in the fourth quarter is 2098.53 tonnes, which is 6.24%, 13.41% and 0.67% less than that of the first quarter, second quarter and third quarter respectively; the total production of cemented carbide for rock drilling and engineering is 8840.26 tonnes, which is 12.60% less than that of the same period of last year, accounting for 19.85% of the total production of cemented carbide. The total production of cemented carbide for rock drilling and engineering decreased by 12.60% compared to the same period of last year, accounting for 19.85% of the total cemented carbide production. Compared with the same period of the previous year, 7 enterprises increased production by 187.05 tonnes, 15 enterprises decreased production by 1461.49 tonnes, the actual net decrease of rock drilling and engineering cemented carbide was 1274.44 tonnes.

(3) Carbide for wear-resistant parts

Carbide for wear-resistant parts includes roller ring, top hammer, press cylinder, drawing die, cold heading die and other wear-resistant parts. According to the data provided by 26 enterprises, the output of cemented carbide for wear-resistant parts in the fourth quarter is 2525.39 tonnes, which is 4.42%, 20.39% and 11.78% lower than that of the first quarter, second quarter and third quarter respectively; the total output of cemented carbide for wear-resistant parts in the year is 11057.97 tonnes, which is 6.41% higher than that of the same period of last year and accounts for 24.83% of the total output of cemented carbide. Compared with the same period of last year, 16 enterprises increased production by 975.96 tonnes, 8 enterprises decreased production by 313.80 tonnes and 2 enterprises had incomparable data, the actual net increase in production of cemented carbide for wear-resistant parts was 662.16 tonnes.

Yatech Materials can provide you with a wealth of cemented carbide solutions. Our engineers come from some of the largest cemented carbide companies in China, and their capabilities can easily meet your needs. Whether it is in the field of cutting tools or wear-resistant parts, we have engineers with decades of industry experience to answer your questions.

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by YATECH MATERIALS

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2 Comments

  1. C.L Joe 08/01/2024 at 05:16 - Reply

    I need a carbide solution for welding, can you provide one or recommend one?

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