BEIJING (Asian Metal) 3 Apr 20 – Currently, mainstream import prices for Japanese ferrovanadium 80%min stand at USD22-23/kg V CIF Japan, unchanged from last week. Downstream consumers only make purchase according to urgent need and the maket keeps quiet. Insiders believe that mainstream prices would keep steady in the coming week.
A trader in Japan notes the current import price for ferrovanadium 80%min he received stands at USD22.5/kg V CIF Japan and they can buy at USD22/kg V, the same as last week. “We buy from European market. Our last deal was made late last week, when we bought 20t at USD22/kg V. In order to avoid market risk, we only make purchase according to orders,” said the source. Considering inquiries from new clients are rare to see now, he believes that mainstream import prices of Japanese ferrovanadium 80%min would stay steay in the coming week.
With a regular trading volume of 40tpm, they sold 40t in March and expect the same volume in April, holding no stocks now, down by 20t from last moth.
Another trader in Japan claims the current import price for ferrovanadium 80%min he received keeps at USD22/kg V CIF Japan, unchanged from last week. “Our last deal was made this Monday, when we bought 20t at USD22/kg V,” said the source. Our downstream clients only make purchase according to urgent need and few of them would like to build stocks now,” said the source. Considering prices of international market keep quiet, he believes that mainstream import prices of Japanese ferrovanadium 80%min would keep weak in the coming week.
With a regular trading volume of 60tpm, they sold 60t in March and expect 40t in April due to the weak demand, holding 20t of stocks now.
www.asianmetal.com
