Vietnamese Ferrotungsten Market News

Vietnamese ferro-tungsten market is active.

As the major ferro-tungsten factories are out of production, the supply is tight in the ferro-tungsten market. The ferro-tungsten prices showed uptrend in the recent days.

It is revealed that their capacity is around 300 tons per month, and they do not intend to run in full capacity in a short time as the current raw materials prices are too high for production cost. They will mainly deal with the long-term orders, and watch the market for a while.

A ferro-tungsten trader based in Vietnam reported that they received more inquiries in the recent days. He expressed that the offers for ferro-tungsten 75% are at USD46/kg W in the local market, which increased slightly compared with those of last week.

The source noted that owing to the tight supply in the European ferro-tungsten market, the ferro-tungsten prices kept moving up in the recent one month. Looking ahead, he thinks that as the supply for ferro-tungsten will not recover in a short time, it is likely for the ferro-tungsten market keep uptrend in the coming days. 

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email:  sales@chinatungsten.com
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