Tungsten powder rose over 40% in a month, leading top tool companies to increase production capacity and raise prices again.

After the holiday, the price of tungsten raw materials continued to soar, with tungsten powder surpassing 1800 yuan per kilogram. The tool industry has ushered in a new round of concentrated price increases, with companies like Huarui Precision and Xinrui Stock adjusting their product prices accordingly. According to industry insiders, some leading tool companies are operating at full capacity, working to clear the backlog of orders from the Spring Festival holiday, leading to a product delivery period extension from over 1 month to 2-3 months. With raw material reserves and scale advantages, leading manufacturers can smooth out costs through price adjustments, with a 15% or more price increase covering basic cost pressures. The rising costs are accelerating industry consolidation, further highlighting the cost-effectiveness of domestic tool products, and speeding up the process of import substitution in high-end sectors.