European Ferro-tungsten Market On Jun 24,2013

Details: Category: Tungsten's News; Published on Tuesday, 25 June 2013 09:18; Hits: 2064

European ferro-tungsten prices edge up following volatile week.

Ferro-tungsten prices in the European market closed between USD46.50-47.50kg W in warehouse Rotterdam on Friday, up over USD1.00kg W from Tuesday.

Sources explained that firm prices of tungsten concentrate in the Chinese market, leading to higher ferro-tungsten export prices, were largely behind the pickup in Europe numbers.

Sources also reported that three containers of ferrotungsten destined for Europe were onboard the stricken containership MOL Comfort which broke up on the Indian Ocean last week. The vessel hit bad weather approaching the Gulf of Aden causing the hull to fracture in two parts.

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