Europe Ferro Tungsten Market

Europe ferro tungsten market remains weak, Rotterdam warehouse transaction price falls.

By July, Europe ferro tungsten market still remains weak, spot market is disordered, Rotterdam warehouse transaction price is between 41.5 and 43 usd/kg-w, 41.5 usd/kg-w is clearing shipments price. The European steel mills implement reduction of output and overhaul in summer, market ferro tungsten purchase is reducing, bidding is also reducing, traders compete fiercely, MB oversea ferro tungsten quotation lasts by July, newest quotation is Rotterdam 41.5-42 usd/kg-w, however China ferro tungsten export price keeps stable, Basic maintenance in Rotterdam 41 usd/kg-w. Along with the market remains weak, less deals, parts of Europe traders are cutting price to promote transaction, related market participants think European ferro tungsten price still has a falling risk.

Although Russian Few70 market requirment remains weak,transactions are less. Limited by production costs, manufacturer is lack of adjusting price power, Few70's tax included price is steady at 1100-1250 rouble/kg(44.7-50.8 usd/kg-w), without obvious change. At present most of plants produce ferro tungsten depending on market requirment, as receiving few order in recent two month , some plants consider to stop manufacturing, most of plants compress production scale, some reduce 50%, plants quotation is stable, traders wait and see the future market.

 

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