European ferrotungsten market sees inactive inquiries
2023-04-28 09:33:17 [Print]
BEIJING (Asian Metal) 28 Apr 23 - As demand from most consumers remained soft, European ferrotungsten market witnessed inactive inquiries in the past week. The current mainstream prices of European ferrotungsten 75%min decreased to USD37.5-38.5/kg W in warehouse Rotterdam, down by USD0.5/kg W from early last week. As most suppliers face firm prices from Chinese exporters, insiders predict that the European ferrotungsten mainstream prices would remain stable in the coming week.
A trader in Europe claimed that they received one inquiry this week, while they received two inquiries in total last week. "We offer USD38.5/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD38.0/kg W for orders no less than 1t at the moment, while we offered USD39.0/kg W and could accept USD38.5/kg W for the same quantity early last week," said the trader, who last sold around 1t to a regular client at around USD38.5/kg W in warehouse Rotterdam early last week. Although most consumers remain inactive in sending inquiries, the trader faces firm Chinese export prices and predicts that the mainstream prices would remain unchanged in the coming week.
The trader, with a regular monthly trading volume of 5t, expects to sell around 5t in April, unchanged from last month. They sold nearly 48t in 2022 and almost 20t so far in 2023. They hold around 5t of stocks now, the same as last month.
"We received no inquiry this week, while we received one inquiry last week," said another trader in Europe, who quotes USD39.0/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD38.5/kg W for orders no less than 2t at the moment, while they could accept USD39.0/kg W when they offered USD39.5/kg W early last week. They last sold around 2t to a regular client at around USD39.0/kg W in warehouse Rotterdam in early April and failed to conclude any deals since then. Considering weak demand from downstream consumers and firm offers from Chinese exporters, the trader plans to hold their price stable next week and predicts that the mainstream prices would keep unchanged in the following week.
On basis of a regular monthly trading volume of 5t, the trader expects to sell around 5t in April, unchanged from March. They sold nearly 42t in 2022 and almost 18t so far in 2023. They hold no stock now, unchanged from last month.
A trader in Europe claimed that they received one inquiry this week, while they received two inquiries in total last week. "We offer USD38.5/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD38.0/kg W for orders no less than 1t at the moment, while we offered USD39.0/kg W and could accept USD38.5/kg W for the same quantity early last week," said the trader, who last sold around 1t to a regular client at around USD38.5/kg W in warehouse Rotterdam early last week. Although most consumers remain inactive in sending inquiries, the trader faces firm Chinese export prices and predicts that the mainstream prices would remain unchanged in the coming week.
The trader, with a regular monthly trading volume of 5t, expects to sell around 5t in April, unchanged from last month. They sold nearly 48t in 2022 and almost 20t so far in 2023. They hold around 5t of stocks now, the same as last month.
"We received no inquiry this week, while we received one inquiry last week," said another trader in Europe, who quotes USD39.0/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD38.5/kg W for orders no less than 2t at the moment, while they could accept USD39.0/kg W when they offered USD39.5/kg W early last week. They last sold around 2t to a regular client at around USD39.0/kg W in warehouse Rotterdam in early April and failed to conclude any deals since then. Considering weak demand from downstream consumers and firm offers from Chinese exporters, the trader plans to hold their price stable next week and predicts that the mainstream prices would keep unchanged in the following week.
On basis of a regular monthly trading volume of 5t, the trader expects to sell around 5t in April, unchanged from March. They sold nearly 42t in 2022 and almost 18t so far in 2023. They hold no stock now, unchanged from last month.
