Metal Bulletin’s price assessment for ferro-tungsten
gained 30 cents on the high and low end of the range to settle at $35.50-36.80 per kg, in-warehouse Rotterdam, on Wednesday November 22.
Buyers raised their bids with availability of cheaper material fading in Europe, and replacement costs from China holding firm in November.
“The Chinese price is the flagship price, and they know there’s no need to lower their offers,” a trader source said.
In addition, tighter supplies of raw materials - including from...