Tungsten Powder Surges Over 40% in a Month, Leading Tool Companies Operating at Full Capacity Trigger Another Price Hike Wave

After the holiday, tungsten raw material prices continue to soar, with tungsten powder surpassing 1800 yuan/kg. The cutting tool industry is experiencing a new round of price increases, with Huarei Precision, Xinrui Shares, and others raising their product prices successively. According to industry insiders, some leading cutting tool companies are operating at full capacity to clear the backlog of orders from the Spring Festival holiday. The product delivery cycle has been extended from over a month to 2-3 months. Leading manufacturers, leveraging raw material reserves and scale advantages, can smooth costs through price adjustments. A price increase of over 15% in this round can basically cover cost pressures. Rising costs are accelerating industry reshuffling, further highlighting the cost-performance advantage of domestic cutting tools, and speeding up the process of import substitution in high-end sectors. (Cailian Press)