Date: Jan 22, 2019
BEIJING (Asian Metal) 22 Jan 19 – Currently, mainstream prices for Chinese ferrovanadium 50%min are RMB237,000-240,000/t (USD69.77-70.66/kg V) EXW D/A 180 days, up by RMB12,000/t (USD3.57/kg V) from early last week. Consumers are positive in building stocks in January, insiders believe prices of this material would increase slightly in the coming week.
A trader in South China calimed that the quote for ferrovanadium 50%min they received is RMB240,000/t (USD70.66/kg V) EXW D/P this Monday, up by RMB10,000/t (USD2.94/kg V) from last week. “Prices have increased about RMB30,000/t (USD8.83/kg V) from the bottom in early January. We bought 10t at RMB240,000/t (USD70.66/kg V) EXW D/A 180 days last Friday to build stock and I believe prices of this material would at least increase by RMB10,000/t (USD2.94/kg V) before the Spring Festival,” said the source.
