Ferrotungsten deserted Russian market, prices steady

March deserted Russian ferrotungsten market , turnover is slow, steady prices , currently 70% min ferrotungsten local market mainstream prices at 1,050-1,100 rubles / kg ( 40.9-42.8 U.S. dollars / kg tungsten ) .

Russia , a trader said that the current weakness in the local market demand for tungsten, iron , 70% min ferrotungsten mainstream market prices at 1,050-1,100 rubles / kg (U.S. $ 40.9-42.8 / kg tungsten ) , unchanged from last week . "At present we have no ferrotungsten spot , recently we have not received one week buyers of Inquiry tungsten iron , because slow turnover in the future we will demand procurement , " the trader said.

The monthly trade trader called tungsten iron about 10 tons , 2 tons shipped in March . He believes that domestic demand is low tungsten iron , tungsten, iron prices in the short term is expected to be weak stability maintenance .

Russia, another trader said that the current local market continued ferrotungsten light, due to the scarcity of trading , some traders said the market outlook no confidence. "Currently we quote for 70% min Ferrotungsten 1,100 rubles / kg ( 42.8 U.S. dollars / kg tungsten ) , unchanged from last week , we only agreed to supply quotes . Recently one week we received an inquiry , reported late and did not reach a deal , the buyer is not strong intent to purchase , "the trader said.

The monthly trade trader called tungsten iron about 10 tons , which currently holds three tons 70% min Ferrotungsten inventory. He said that the current downturn in market demand , market participants more than watching the market outlook is expected to continue to slow run .


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