European Ferro-tungsten Market On May 22,2013
- Details
- Category: Tungsten's News
- Published on Wednesday, 22 May 2013 10:03
European ferro-tungsten figures continue to strengthen on supply concerns.
The low levels of ferro-tungsten stock being held in Rotterdam have been compounded by the news that the large Vietnamese producer will be cutting its production output by almost half in 2013.
This has been caused by a knock on effect from last month’s announcement that the plant had suffered from a serious electrical fault, and with future supply of material now in doubt, stockholders of material in Europe were quick to raise offers from USD46.50-47.50kg W in warehouse Rotterdam during the middle of last week, to between USD47.50-48.50kg W in warehouse Rotterdam on Tuesday.
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