BEIJING (Asian Metal) 16 Apr 20 – At present, mainstream prices for Chinese ferrovanadium 50%min keep at RMB96,000-98,000/t (USD27.2-27.8/kg V) delivered D/A 180 days, the same as last week. Consumers only make purchase according to urgent need and the demand stays soft. However, considering prices of raw material keep firm during the past month, insiders believe that mainstream prices of ferrovanadium would keep steady in the coming week.
A trader in South China notes the current price for ferrovanadium 50%min he received stands at RMB98,600/t (USD27.9/kg V) EXW D/A 180 days, including RMB600/t (USD0.2/kg V) for freight, unchanged from last week. “We just bought 32t at RMB98,000/t (USD27.8/kg V) this Monday,” said the source. As prices of raw material vanadium pentoxide flake 98%min keep firm during the past month, their regular supplier stopped production and they could hardly find cheaper ferrovanadium 50%min now. He believes that mainstream prices of ferrovanadium 50%min would keep steady in the coming week.
With a regular trading volume of 50tpm, they sold about 600t in 2019 and sold about 110t so far this year. They expect to sell 50t in April, up by 20t from March, holding no stocks now, unchanged from last month.
A trader in North China claims the current prices for ferrovanadium 50%min he received stand at around RMB96,000/t (USD27.2/kg V) EXW D/P and could buy at RMB95,000/t (USD26.9/kg V) for more than 10t, unchanged from last week. “Prices of raw material vanadium pentoxide flake 98%min keep firm during the past month, which means prices of ferrovanadium could hardly drop any more,” said the source. They bought 10t of ferrovanadium 50%min at RMB95,000/t (USD26.9/kg V) late last week. They are watching the market now and he believes that mainstream prices of ferrovanadium 50%min would keep firm in the coming week.
With a regular trading volume of 30tpm, they just start to do trading business for vanadium products this year. They expect to sell 30t in April, the same as last month, holding about 10t of stocks now and they didn’t build stock in March.
www.asianmetal.com
