BEIJING (Asian Metal) 19 Jun 19 – Currently, mainstream prices for European ferrovanadium 50%min are USD35.3-36.3/kg V in warehouse Rotterdam D/A 30 days, up by USD1.3/kg V from last week. Though the market stay quiet, considering the supply in spot market keeps tight. Insiders believe prices of this material would be firm in the coming week.

A trader in Middle Europe quotes their ferrovanadium 50%min at USD36.0/kg V in warehouse Rotterdam D/A 30 days, up by USD1.0/kg V from last week. “I heard some traders sell at USD35.5/kg V. However, I won’t accept this price level. I believe prices would increase to USD36.5/kg V in the coming month,” said the source. Their last deal was made early last week, when they bought 20t at USD35.0/kg V. He believes prices of this material would stay firm in the coming week.

With a regular trading volume of 40tpm for ferrovanadium, they expect to sell 40t in June, the same with last month, holding 20t of stock now.

Another trader in Middle Europe also quotes their ferrovanadium 50%min at USD36.0/kg V in warehouse Rotterdam D/A 30 days, up by USD0.5/kg V from last week. “We bought 20t at USD35.5/kg V late last week. We are in no hurry to sell at the moment. So, for firm bids, I won’t accept any discount now. I believe prices would increase to USD36.3/kg V but at least it won’t drop in the coming week,” said the source.

With a regular trading volume of 60tpm for ferrovanadium, they expect to sell 60t in June, the same with last month, holding 30t of stock now.

www.asianmetal.com