Following a one-month consultation
, Fastmarkets has decided to relaunch its ferro-tungsten, China export min 75% $ per kg W, fob China price assessment after discontinuing it in March 2019
due to limited spot liquidity in the market.
But market participants have reported a resurgence in spot activity in the ferro-tungsten export market since the outbreak of the Covid-19 pandemic. Chinese exporters are choosing to allocate more cargoes to the spot market rather than long-term contracts because foreign buyers, particularly those from Japan and South Korea, have shown greater urgency in securing spot material.
Thus the relaunch of the price assessment will meet market participants’ needs for greater coverage of the market under these new conditions.
The specifications for this price assessment are as follows: