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Thinly traded tungsten falls by over $1/kg

March 23, 2009 - 11:22 GMT Location: London

KEYWORDS: tungsten , ferro-tungsten , jethro wookey , FeTi

Ferro-tungsten dipped on Friday, with continuing low demand in a market that had been stagnant for two weeks putting downward pressure on prices

Ferro-tungsten basis 75% fell to $25.90-26.90 per kg from $27-28 per kg previously, with a handful of deals reported across the new range. “There has been a lack of buying activity and there’s no sign that we’ll see a recovery,” said one producer, who reported enquiries for 10 tonne loads at around $26 per kg. “It is very difficult; we...

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