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China’s FeW offers fall on contest from China-backed Vietnam mills

March 30, 2009 - 06:52 GMT Location: Shanghai

Chinese-backed factories in Vietnam are offering ferro-tungsten at prices far below Chinese offers, forcing Chinese export offers down to $24-25 per kg, from $28-30 per kg last week.

Demand remains generally weak in the market where Chinese offers also compete against lower offers from Brazil. "We didn't get any bids since our offer is higher than other suppliers. As I know, suppliers from Vietnam and Brazil are offering at $23 per kg," said a producer in Jiangxi. Vietnam has been building ferro-tungsten furnaces since last year, and the factories are mainly backed by Chinese...

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