European ferrotungsten market sees rare deals
2023-04-14 12:01:04 [Print]
BEIJING (Asian Metal) 14 Apr 23 - As most consumers remained cautious in placing orders, European ferrotungsten market witnessed rare deals in the past week. The mainstream prices of European ferrotungsten 75%min hover at USD38.0-39.0/kg W in warehouse Rotterdam at present, unchanged from early last week. As most suppliers plan to accept counteroffers, insiders predict that the European ferrotungsten mainstream prices would decrease slightly in the coming week.
"We failed to close any deals this week, while we concluded one deal last week," said a 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 1t at present, unchanged from early last week. They last sold around 1t to a regular client at around USD38.5/kg W in warehouse Rotterdam early last week. They received one inquiry this week, while they received two inquiries last week. Discouraged by inactive inquiries from downstream consumers, the trader plans to lower their price by around USD0.2/kg W next week and predicts that the mainstream prices would decrease by around USD0.2/kg W in the coming week.
The trader, with a regular monthly trading volume of 5t, expects to sell around 3t in April, down by 2t from last month. They sold nearly 46t in 2022 and almost 12t so far in 2023. They hold no stock now, unchanged from last month.
Another trader in Europe noted that discouraged by weak demand from consumers, they failed to conclude new deals in the past two weeks after they last sold around 1t to a regular client at around USD38.0/kg W in warehouse Rotterdam in late March. "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, the same as early last week," said the trader, who received no inquiry this week, while they received one inquiry in total last week. As most consumers remain cautious in placing orders, the trader intends to accept a counteroffer of around USD0.2/kg W next week and predicts that the mainstream prices would decrease by around USD0.2/kg W in the following week.
With a regular monthly trading volume of 5t, the trader would sell around 5t in April, unchanged from last month. They sold nearly 42t in 2022 and about 15t so far in 2023. They hold around 3t of stocks now, unchanged from last month.
"We failed to close any deals this week, while we concluded one deal last week," said a 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 1t at present, unchanged from early last week. They last sold around 1t to a regular client at around USD38.5/kg W in warehouse Rotterdam early last week. They received one inquiry this week, while they received two inquiries last week. Discouraged by inactive inquiries from downstream consumers, the trader plans to lower their price by around USD0.2/kg W next week and predicts that the mainstream prices would decrease by around USD0.2/kg W in the coming week.
The trader, with a regular monthly trading volume of 5t, expects to sell around 3t in April, down by 2t from last month. They sold nearly 46t in 2022 and almost 12t so far in 2023. They hold no stock now, unchanged from last month.
Another trader in Europe noted that discouraged by weak demand from consumers, they failed to conclude new deals in the past two weeks after they last sold around 1t to a regular client at around USD38.0/kg W in warehouse Rotterdam in late March. "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, the same as early last week," said the trader, who received no inquiry this week, while they received one inquiry in total last week. As most consumers remain cautious in placing orders, the trader intends to accept a counteroffer of around USD0.2/kg W next week and predicts that the mainstream prices would decrease by around USD0.2/kg W in the following week.
With a regular monthly trading volume of 5t, the trader would sell around 5t in April, unchanged from last month. They sold nearly 42t in 2022 and about 15t so far in 2023. They hold around 3t of stocks now, unchanged from last month.
