European ferrovanadium prices decrease


Date: Mar 4, 2019

BEIJING (Asian Metal) 4 Mar 19 – The European ferrovanadium 80%min market continues to see inactive buying activities as most consumers hold back from placing orders. Mainstream prices for ferrovanadium 80%min are in the range of USD75.5-76.5/kg V in warehouse Rotterdam now, down by USD0.5/kg V from one week ago. Insiders are pessimistic about the market and predict that the prices would decrease in the coming week due to weak demand from downstream buyers.

A European ferrovanadium 80%min trader claimed that they quote USDD76.0/kg V in warehouse Rotterdam and can accept a counteroffer of USD0.5/kg V for firm bids now, down by USD0.5/kg V from one week ago. “We have made no new deals since we last sold around 500kg at USD76.5/kg V in warehouse Rotterdam late last week,” said the source, who predicts that the prices would decrease further in the coming week due to soft demand.

To read full article please click here