European Ferro-tungsten Prices Experience Sharp Increase

European ferro-tungsten prices have experienced a somewhat remarkable turnaround in recent days, with offering prices increasing almost USD4.00kg W in a little over 10 days to range between USD41.50-42.50kg W in warehouse Rotterdam as of Wednesday.

The European market had been in a depressed state through much of Q1, with figures falling on a weekly basis, reaching the lows of USD38.50kg W in warehouse Rotterdam two weeks ago. However, a sudden tightness in the availability of prompt release material in Rotterdam last week, caused by a delay to shipments of material from Asia during March.

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