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PennyStockInvestor

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Re: Traderfan post# 1765

Sunday, 04/21/2013 10:16:19 AM

Sunday, April 21, 2013 10:16:19 AM

Post# of 2593
Ferro-tungsten prices rise on higher demand, lower availability

Ferro-tungsten prices shot up following the Easter vacation in Europe on increasing demand for tooled steel and a fall in availability of material.

Metal Bulletin’s in-warehouse Rotterdam price climbed to $40-42 per kg, up from $39-39.60 before the European break. “I definitely think this looks more correct. Many of the Chinese suppliers are not offering – there’s only metal from stocks,” a distributor told Metal Bulletin. “There’s higher demand coming from [the major German consumers] for April as well. They’re buying three or four truckloads...

http://www.metalbulletin.com/Article/3184733/Ferro-tungsten-prices-rise-on-higher-demand-lower-availability.html


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