Asian ferrotungsten tight supply European markets steady sidelines

Vietnam affected by the recent political unrest and anti- riot affected , major local manufacturers in Vietnam ferrotungsten Yang Star Tungsten (Vietnam Youngsun Tungsten) announced on Friday , taking into account the safety of factory workers in China will be suspended tungsten iron production . Affected by the mainstream of Chinese ferro-tungsten export prices surged nearly $ 1.00 / kg tungsten , Monday hovering around $ 42.00-43.00 / kg tungsten Rotterdam to shore , while the plant is shut down may result in late supply, and therefore the supply of goods held in China in Europe reluctant to less than $ 43.00 / kg tungsten price to pay to ship Rotterdam warehouse . Sino-Vietnamese border smuggling ferrotungsten large , but because of political tension , has been tightened in recent weeks , so smuggling ferrotungsten supply the European market decline.

Despite the gradually increasing pressure on the supply side , but this week the European ferro-tungsten prices continue to decline , on Monday evening news that a large European consumer business to 41.50 U.S. dollars / kg, the price of tungsten contraband sent to purchase a truck of the product , compared to prices earlier this month fell nearly $ 2.00 / kg tungsten.

Central Europe , a large tungsten iron traders said on Monday evening that he consumer business to $ 41.50 / kg tungsten prices contraband sent to purchase a truck ferrotungsten shocked his expected price is $ 42.50 / kg tungsten contraband sent to , and deal price far below that level.

The source said on Thursday morning , he received a major Chinese manufacturer of tungsten iron- tungsten iron on a counter offer for $ 42.80 / kg tungsten Rotterdam to shore , June delivery, Vietnam announced shutting down the male star Tungsten Industry after the plan Friday morning prices surged to $ 43.50 / kg tungsten Rotterdam to shore.

He also said that China Ferrotungsten another supplier in Europe, there are several cabinet ferrotungsten stock quotes at $ 43.00 Monday / kg tungsten Rotterdam warehouse delivery .

Europe and many other markets ferrotungsten traders who hold the same view , especially in the more affected by political unrest , under tungsten iron supply in Asia continued tense situation, he was spending the afternoon on Monday to $ 41.50 Manufacturer / kg tungsten contraband sent to cheap deal surprised.

The source said that last week he received a Chinese supplier quotes as low as U.S. $ 41.00-41.50 / kg tungsten Rotterdam to the shore , and even some vendors told him that the next few weeks the purchase price may be as low as $ 40.50 / kg tungsten Rotterdam warehouse delivery . But he said Yang Star Tungsten announced plans to shut down the impact on the market , offer changes happen soon , very difficult to get clear on Monday he quoted vendors.


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