Average Market Price
1/16 Inch High Molybdenum Drill Bit: Essential Tool for Precision
Introduction
Did you know that a high-quality drill bit can significantly impact the precision and efficiency of your drilling tasks? The 1/16 inch High Molybdenum Drill Bit, designated as SKU: IV10504, is an indispensable tool in both professional and DIY projects, renowned for its durability and performance.
What is 1/16 Inch High Molybdenum Drill Bit?
The 1/16 inch High Molybdenum Drill Bit is engineered for high-performance drilling in various materials, offering exceptional strength and resistance to wear. Molybdenum is known for its ability to withstand high temperatures, making this drill bit ideal for precision applications.
Key Properties & Specifications
- Size: 1/16 inch
- Material: High Molybdenum Steel
- Standard Unit: Piece
Current Market Pricing
Here's the latest pricing information sourced from the Costcrunch.ai construction materials database:
| Price Type | Price per Piece |
|---|---|
| Median Price | $2.12 |
| Latest Price | $2.12 |
| Price Range | $2.12 - $2.12 |
Data source: Costcrunch.ai
Common Applications
The 1/16 inch High Molybdenum Drill Bit is used in various applications, including:
- Precision Drilling: Ideal for creating small holes in wood, metal, and plastic.
- Electronics: Perfect for drilling circuit boards and other electronic components.
- Jewelry Making: Used for fine drilling in delicate materials.
- Model Making: Essential for hobbyists working with miniatures and models.
Cost Factors
Several factors can influence the pricing of high molybdenum drill bits:
- Material Quality: Higher grade molybdenum can increase costs.
- Manufacturing Process: Precision manufacturing methods may affect price.
- Market Demand: Economic conditions and demand fluctuations.
- Supplier Pricing: Different suppliers may offer varied pricing structures.
Industry Standards & Regulations
Adhering to industry standards is essential. Drill bits must comply with:
- ISO 9001: Quality management systems that ensure product quality.
- ANSI/ASME B94.11: American National Standards for drill bits.
Expert Tips for Contractors
- Choose the Right Bit: Ensure you select the correct size and type for your project.
- Maintain Tools: Regularly sharpen and clean drill bits for optimal performance.
- Use Appropriate Speed: Adjust your drill speed based on the material being drilled.
Market Trends
The drilling tool market is experiencing a shift towards high-performance materials, such as molybdenum, due to their durability and efficiency. The growing demand for precision in various industries is also increasing the popularity of specialized drill bits.
In Summary
- The 1/16 inch High Molybdenum Drill Bit is vital for precision drilling tasks.
- Pricing is consistently $2.12 per piece.
- Common uses span from electronics to jewelry making, enhancing accuracy in various applications.
- Understanding cost factors and industry standards can aid informed purchasing decisions.
For contractors and builders, the 1/16 inch High Molybdenum Drill Bit is an essential tool that offers both precision and durability. Make sure to source your drill bits wisely and stay updated on market trends to achieve the best results in your projects.