European ferrotungsten market prices decrease
2023-03-10 10:13:51 [Print]
BEIJING (Asian Metal) 10 Mar 23 - Discouraged by inactive inquiries from downstream consumers, European ferrotungsten suppliers lowered their prices to promote sales in the past week. The current mainstream prices of European ferrotungsten 75%min slid to USD39.5-40.5/kg W in warehouse Rotterdam, down by USD0.5/kg W from early last week. As most suppliers compete for limited orders, insiders predict that the European ferrotungsten mainstream prices would decrease further in the coming week.
A trader in Europe claimed that they quoted USD40.0/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD39.5/kg W for orders no less than 5t today, while they quoted USD40.5/kg W and could accept USD40.0/kg W for the same quantity early last week. "We received no inquiry this week, while we received two inquiries last week," said the trader, who last sold around 5t to a regular client at around USD40.0/kg W in warehouse Rotterdam early last week. As most consumers remain inactive in sending inquiries, the trader plans to lower their price by around USD0.5/kg W next week and predicts that the mainstream prices would decrease by around USD0.5/kg W in the coming week.
With a regular monthly trading volume of 30t, the trader would sell around 20t in March, down by 10t from last month. They sold nearly 360t in 2022 and almost 70t so far in 2023. They hold around 20t of stocks now, the same as last month.
"We offer USD41.0/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD40.5/kg W for orders no less than 1t at present, while we insisted on USD40.0/kg W for the same quantity early last week," said another trader in Europe, who refused one inquiry of 1t at around USD40.5/kg W early last week. They finally sold around 1t to the client at around USD40.5/kg W in warehouse Rotterdam early this week as they received no other inquiry this week. Discouraged by weak demand from end users, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.5/kg W in the following week.
The trader, based on a regular monthly trading volume of 3t, expects to sell around 3t in March, unchanged from February. They sold nearly 40 in 2022 and almost 6t so far in 2023. They hold around 2t of stocks now, unchanged from last month.
A trader in Europe claimed that they quoted USD40.0/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD39.5/kg W for orders no less than 5t today, while they quoted USD40.5/kg W and could accept USD40.0/kg W for the same quantity early last week. "We received no inquiry this week, while we received two inquiries last week," said the trader, who last sold around 5t to a regular client at around USD40.0/kg W in warehouse Rotterdam early last week. As most consumers remain inactive in sending inquiries, the trader plans to lower their price by around USD0.5/kg W next week and predicts that the mainstream prices would decrease by around USD0.5/kg W in the coming week.
With a regular monthly trading volume of 30t, the trader would sell around 20t in March, down by 10t from last month. They sold nearly 360t in 2022 and almost 70t so far in 2023. They hold around 20t of stocks now, the same as last month.
"We offer USD41.0/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD40.5/kg W for orders no less than 1t at present, while we insisted on USD40.0/kg W for the same quantity early last week," said another trader in Europe, who refused one inquiry of 1t at around USD40.5/kg W early last week. They finally sold around 1t to the client at around USD40.5/kg W in warehouse Rotterdam early this week as they received no other inquiry this week. Discouraged by weak demand from end users, the trader remains pessimistic about the market next week and predicts that the mainstream prices would decrease by around USD0.5/kg W in the following week.
The trader, based on a regular monthly trading volume of 3t, expects to sell around 3t in March, unchanged from February. They sold nearly 40 in 2022 and almost 6t so far in 2023. They hold around 2t of stocks now, unchanged from last month.
