GLOBAL TUNGSTEN SNAPSHOT: Europe ferro-tungsten climbs to July 2018 high on tightening supply

Key data from the pricing sessions in London and Shanghai in the week ended Friday February 21.

Europe Key drivers Ferro-tungsten climbed to its highest since July 2018 while worries over delayed shipments from China and the availability of prompt units continued to support higher prices. The ammonium paratunsgate (APT) price in Europe was unchanged but supported at current levels amid a concentrate shortage and logistical difficulties in China. Consumers remained on the sidelines with no business reported to Fastmarkets during the pricing week. Key quotes - "Ferro-tungsten is still bullish. There's very little material around and it's impossible to get material from China. Offers have now moved up...

Published

Ewa Manthey

Ruby Liu

February 24, 2020

13:50 GMT

Shanghai, London