European ferrotungsten market prices down
2023-03-31 08:31:23 [Print]
BEIJING (Asian Metal) 31 Mar 23 - As most downstream consumers remained inactive in sending inquiries, European ferrotungsten suppliers lowered their prices to promote sales in the past week. The current mainstream prices of European ferrotungsten 75%min decreased to USD38.5-39.5/kg W in warehouse Rotterdam, down by USD0.5/kg W from early last week. As most suppliers remain pessimistic about the market, insiders predict that the European ferrotungsten mainstream prices would decrease further in the coming week.
A trader in Europe claimed that they quoted USD39.5/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD39.0/kg W for orders no less than 2t at the moment, while they quoted USD40.0/kg W and could accept USD39.5/kg W for the same quantity early last week. "We last sold around 2t to a regular client at around USD39.5/kg W in warehouse Rotterdam in mid-March," said the trader, who received no inquiry this week, while they received one inquiry in total 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 5t, the trader would sell about 5t in March, unchanged from last month. They sold nearly 50t in 2022 and almost 10t so far in 2023. They hold around 3t of stocks now, unchanged from last month.
"We offer 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 present, while we could accept USD39.0/kg W for the same quantity when we quoted USD39.5/kg W early last week," said another trader in Europe, who received one inquiry this week, while they received two inquiries last week. They last sold around 2t to a regular client at around USD39.0/kg W in warehouse Rotterdam early last week. Considering weak demand from downstream consumers, 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, with a regular monthly trading volume of 5t, expects to sell around 5t in March, unchanged from last month. They sold nearly 48t in 2022 and almost 15t so far in 2023. They hold around 5t of stocks now, the same as last month.
A trader in Europe claimed that they quoted USD39.5/kg W in warehouse Rotterdam for ferrotungsten 75%min and could accept USD39.0/kg W for orders no less than 2t at the moment, while they quoted USD40.0/kg W and could accept USD39.5/kg W for the same quantity early last week. "We last sold around 2t to a regular client at around USD39.5/kg W in warehouse Rotterdam in mid-March," said the trader, who received no inquiry this week, while they received one inquiry in total 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 5t, the trader would sell about 5t in March, unchanged from last month. They sold nearly 50t in 2022 and almost 10t so far in 2023. They hold around 3t of stocks now, unchanged from last month.
"We offer 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 present, while we could accept USD39.0/kg W for the same quantity when we quoted USD39.5/kg W early last week," said another trader in Europe, who received one inquiry this week, while they received two inquiries last week. They last sold around 2t to a regular client at around USD39.0/kg W in warehouse Rotterdam early last week. Considering weak demand from downstream consumers, 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, with a regular monthly trading volume of 5t, expects to sell around 5t in March, unchanged from last month. They sold nearly 48t in 2022 and almost 15t so far in 2023. They hold around 5t of stocks now, the same as last month.
