European ferro-tungsten prices expected to stabilise.

Offering prices in the European ferro-tungsten market moved above USD50.00kg W in warehouse Rotterdam on Thursday as traders awaited the outcome of consumer tenders which should give greater indication over the pricing trend. Consumer purchase prices have yet to move above USD49.50kg W in warehouse Rotterdam.

A large Northern European located trader of ferro-tungsten revealed  that the generally soft demand from the downstream European steel industry has kept prices for the noble ferroalloy relatively stable this week.

You can visit the following links for more information about ferro-tungsten market.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
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The European Union requested the establishment of a dispute settlement panel at the World Trade Organization (WTO) concerning China's export restrictions on rare earths, tungsten and molybdenum. This follows EU efforts to find a solution with China, including through formal WTO consultations that were held in April. The EU, together with its partners in the case - the United States and Japan, will therefore proceed to the next step in WTO litigation in order to seek compliance by China with its international obligations.

At the Geological Society of South Africa’s 2013 GeoForum conference in Johannesburg last week, Core Consultants MD Lara Smith pointed at three metals (or groups of metals) that will be at a high risk of supply scarcity from 2015. Smith explained that while the European Union and US Department of Defense don’t wholly agree on all the metals they consider critical, tungsten, tantalum and rare earths are without a doubt at the top of both their lists.

Smith also said that in recent years, tungsten supply has not been able to keep up with rising demand, which has necessitated the sale of tungsten stockpiles by the Chinese, Russian and American governments. “Based on China’s decision to limit exports to the rest of the world, we estimate that the primary tungsten market is in deficit and, this year, we expect the deficit to be in the order of 15 000 t,” Smith warned at the conference.

A shortage of supply, though bad for the market, can definitely be good for prices. Tungsten APT prices are currently sitting at $400 to $410 per metric ton unit. It is reported that “Chinese tungsten APT prices have kept rising as smelters try to avoid APT production costs rising higher than sales prices.” Buyers, the smelters explained, are unwilling to pay more than 215,000 renminbi per tonne. Prices for tungsten APT 88.5 percent have climbed from last week’s 212,000 to 215,000 renminbi per tonne to 215,000 to 220,000 renminbi. So far this year, prices have climbed by 22 percent.

Meanwhile, European ferro-tungsten prices have also risen sharply following an announcement from Vietnamese producer YoungSun that due to power-related issues, it is uncertain as to when shipments will return to full capacity. YoungSun has confirmed that it will only be able to meet 50 percent of its deliveries for the remainder of the year. Prices for ferrotungsten min W 75 percent have risen from $47.50 to $49.50 per kilogram to $48.50 to $50.25 per kilogram.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Indian consumers in tungsten market are cautious in making deals.

Tungsten market keeps inactive now. Local market participants said that consumers are reluctant to accept high prices from China suppliers and demand is weak, so the trading volume is small in the spot market.

An end-user based in India noted that they keep on production under the long-term orders.

You can visit the following links for more information about  tungsten market.

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:     sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com