South Korean Woojin Remains Stable For The Output Of Ferrovanadium

BEIJING (Asian Metal) 25 Aug 19 – With an annual production capacity of 3,600t for ferrovanadium, South Korean Woojin Industry Co., Ltd. expects to produce about 200t of ferrovanadium 80%min in August, unchanged from July.

“Our production would keep stable at 200t this month, unchanged from last most and mainly for ferrovanadium 80%min,” a source from this company said. They quote USD24.5/kg V EXW Busan for ferrovanadium 80%min at the moment, the same as last week. They tried to quote USD25.8/kg V EXW Busan for ferrovanadium 50%min to Chinese buyers during the past week but no consumers would like to accept. Due to lack of orders for ferrovanadium 50%min, they only produce ferrovanadium 80%min at the moment.

Located in South Korea, they buy raw material vanadium pentoxide flake mainly from Gs EcoMetal Co., Ltd. and would also buy from other countries sometimes. Together with Korvan Ind. Co., Ltd. and Seah M&S Co., Ltd., this company stands at the top 3 ferrovanadium producers position in South Korea.

This Monday, mainstream prices of South Korean ferrovanadium 80%min stand at USD24.3-24.8/kg V EXW Busan, unchanged from last week.