In recent years, the optimization and adjustment of my country's industrial structure has provided good opportunities for the development of the cemented carbide industry, especially the rapid development of pillar industries such as machinery, aircraft, automobiles, electronics, and construction, which has prompted my country to become the world's largest hardware quality alloy producer. In the future, the world's cemented carbide will develop in the direction of energy conservation, environmental protection, precision, and ultra-refinement. More new cemented carbides will be developed and promoted. The increasing demand for high-end cemented carbide materials will help promote cobalt consumption.
In recent years, affected by the slowdown of China's economy and investment growth and the upgrading of demand structure, the total scale of China's machine tool consumption market has shown a state of periodic decline. The following introduces the changes in consumption, production and import from the two main product segments of metalworking machine tools and tools.
China has become the world's most promising tool market, and many multinational tool groups are also in the development strategy of the post-crisis era. Centers, training centers, logistics centers, etc. have settled in China one after another, so as to radiate Asia with China as the center, serve customers more directly and conveniently, and better meet the special needs of customers in the Asia-Pacific region. Luo Baihui, secretary general of the International Mould and Hardware and Plastic Industry Suppliers Association, believes that the main reason why the Chinese market has received such attention is that the Chinese market's sales share is taking up an increasing proportion of its global market share.
The tungsten market is running weakly and steadily as a whole, with merchants maintaining a wait-and-see state, few downstream products are shipped, and market activity is low.