Fastmarkets’ price assessment for ferro-tungsten basis 75% W, in-whs dup Rotterdam
rose by 0.9% to $28-29.50 per kg on Friday October 4 from the midweek assessment of $28-29 per kg, when prices had moved up from $27.75-29 per kg.
"The overall confidence has grown. We are getting more inquiries as people need to replenish their stocks. We have increased our offer prices accordingly in line with increasing APT and concentrates prices," a trader in Europe said.
The tungsten market had been under pressure since the beginning of the year, in part due to slow consumer buying stemming from fears...