BEIJING (Asian Metal) 21 Jun 19 – Currently, mainstream prices for South Korean ferrovanadium 80%min are USD35.0-36.0/kg V D.D.P., unchanged from last week. Most consumers are watching and the market keeps quiet now. Insiders believe prices of this material would keep steady in the coming week.

A trader in South Korea quotes their ferrovanadium 80%min at USD36.0/kg V D.D.P. at the moment, unchanged from last week. “We didn’t receive any inquiries in spot market during the past two weeks, the market stays quiet now, I believe prices would keep steay in the coming week,” said the source. Their last deal was made early last week, when they sold 5t to a regular client at USD35.5/kg V.

With a regular trading volume of 10tpm, they sold 10t in May and expect the same volume in June, holding 5t of stock now.

A consumer in South Korea claimes they received the current quotation keeps at around USD35.0/kg V D.D.P., unchanged from last week. “I tried to buy 20t in spot market but it’s hard to find enough goods. One Chinese supplier offers me USD39.0/kg V FOB China, though they have enough stock, it’s about USD4.0/kg V higher than South Korea market,” said the source. Their last deal was made early this month, when they bought 20t at USD34.5/kg V D.D.P. Considering the market keeps quiet, he believes prices of this material would be steady in the coming week.

With an annual consumption capacity of 360t for ferrovanadium, they consumed 20t in May and expect the same volume in June, holding 20t of stock now.

www.asianmetal.com