European Ferro-tungsten Market On Jun 12,2013
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- Category: Tungsten's News
- Published on Thursday, 13 June 2013 09:13
- Hits: 2318
European ferro-tungsten prices drop further as demand dries up.
Last week’s USD1.00kg W price decline of the European ferro-tungsten price appears to be slightly more than simply profit taking by traders who purchased large volumes of material when prices were rocketing up through April and May.
Although some ‘cashing in’ appears to have been behind the initial drop in price last week, sources on Tuesday stated that softening downstream demand and increasing availability of material have also reversed earlier concerns that supply of material would continue to tighten into the summer months.
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