Ferrotitanium price in European market dropped to US$3.3~3.5/kg compared with last week.

One agent said that he had purchased 3 tons ferrotitanium at US$3/kilogram and sold by US$3.4/kilogram duty paid. However, many traders started to sell at a low price when some traders sold at US$3.30/kilogram, but still fail to order.

European distributors believed that the ferrotitanium price will maintain at US$2.9~3.8/kg duty paid, but not exceed by US$4/kg because stock remained high in Europe.