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.
