few hits $50/kg as tightness intensifies

Metalbulletin.com / FeW hits $50/kg as tightness intensifies
FeW hits $50/kg as tightness intensifies
02 March 2011

KEYWORDS: tungsten , apt , ferro-tungsten

European ferro-tungsten prices reached $50 per kg for the first time since MB's records began on Wednesday, and market participants expect further gains as demand remains high even in the face of rapidly increasing prices. Ferro-tungsten basis 75% rose to $49.50-50 per kg from $49-49.75 per kg previously, as material became even more scarce in the absence of any large deliveries from Chinese producers. "It's very tight, and there is no material coming out of China at...