Epoxy curing agent News my country is rich in ammonium paratungstate resources and is an important exporting country.

my country is rich in ammonium paratungstate resources and is an important exporting country.

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my country is rich in ammonium paratungstate resources and is an important exporting country

Ammonium paratungstate is mainly used in the manufacture of tungsten trioxide, metal tungsten powder and other products. It is used to produce tungsten wires, tungsten strips and other electric vacuum materials; tungsten carbide, alloy molds and other alloy products; it can also be used as a petrochemical additive. The upstream raw materials of ammonium paratungstate are scheelite concentrate and wolframite concentrate. There are many production methods according to different raw materials.
my country is rich in tungsten resources and is the world’s largest tungsten producer and sales country. Tungsten production and export volume rank first in the world. Currently, more than 80% of the world’s tungsten industrial consumption comes from my country. In 2018, global tungsten ore reserves reached about 3.35 million tons, of which China’s reserves accounted for 60%.
According to the “Ammonium Paratungstate Industry Market In-depth Research and Investment Prospects Forecast Analysis Report 2021-2026” released by the Industrial Research Center, due to domestic Tungsten ore resources are abundant, which is good for the development of the ammonium paratungstate industry. In 2020, my country’s ammonium paratungstate production capacity was about 200,000 tons, but the actual output was only about 110,000 tons, and the capacity utilization rate was low, mainly due to technological reforms that increased production capacity. In terms of demand, my country’s demand for ammonium paratungstate has been relatively stable in recent years, basically hovering around 100,000 tons. The domestic supply and demand of ammonium paratungstate maintains a stable trend, and the market size is also relatively stable, approximately 13.1 billion yuan in 2020.
Due to the different distribution of tungsten ore resources, my country’s ammonium paratungstate production is relatively concentrated, mainly in Jiangxi, Hunan and Fujian. The three provinces account for about 75% of the production, of which Jiangxi accounts for as much as 44%. my country’s export volume of ammonium paratungstate has shown a downward trend in the past five years. In 2016, domestic export volume of ammonium paratungstate was approximately 3,550 tons, reaching a peak of 5,645 tons in 2018. However, by 2020, the export volume of ammonium paratungstate will only be 1,000 tons. In terms of imports, my country’s imports of ammonium paratungstate are showing a growing trend, with imports reaching about 245 tons in 2020.
Domestic ammonium paratungstate is currently mainly exported to Japan, the Netherlands, Germany, Vietnam, South Korea and other countries, of which Japan accounts for about 56%. Domestic ammonium paratungstate manufacturers include Xiamen Tungsten Industry, Zhangyuan Tungsten Industry, Hunan Gold, Xianglu Tungsten Industry, etc. Due to the high mining qualification threshold for tungsten ore and the limitations of tungsten processing technology, the domestic ammonium paratungstate market concentration continues to increase. In the future, companies with a complete tungsten industry chain will have competitive advantages and their market share will continue to grow. Zhangyuan Tungsten Industry and Xianglu Tungsten Industry are both deployed in the entire tungsten industry chain and have high market competitiveness. In 2020, they achieved revenue of 1.93 billion yuan and 1.29 billion yuan respectively.
Industrial analysts said that ammonium paratungstate is a tungsten metal processing product. Domestic tungsten ore resources are abundant, accounting for nearly 60% of the world’s total. It is the world’s major producer and exporter of tungsten and its products, which is good for the development of the ammonium paratungstate industry. In recent years, my country’s ammonium paratungstate industry has been relatively stable, with supply and demand balanced. With technological reforms in 2020, production capacity has increased significantly, but demand has grown slowly, and the current capacity utilization rate is low. In terms of import and export, my country’s export volume of ammonium paratungstate has gradually decreased, but the import volume has shown a growth trend.

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