Supply Concerns Grows in European Ferro-tungsten Market Under Russia-Ukraine Conflict

Analysis of latest tungsten market from Chinatungsten Online

At the beginning of the week, China’s domestic tungsten price continues to remain stable as the demand in both domestic and overseas markets are weak affected by Russia-Ukraine conflict, increased supply pressure on energy and metal supplies and soaring commodity prices. 

Supply concerns are growing in European ferro-tungsten market as the Russia-Ukraine conflict hampers trade and deliveries of already-contracted Russian alloy, and leaves China as the continent's predominant source of supply.

Looking ahead, more stringent sanctions on Russian commodities or alloys, coupled with escalating shipping disruptions, could put further strain on the ferro-tungsten supply chain. And given there is great uncertainty about the future implications of the Russia-Ukraine conflict, many market participants are holding back, preferring to wait and see how events unfold.

Prices of tungsten products on March 15, 2022

Picture of tungsten acid 

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