BEIJING (Asian Metal) 15 Jun 20 – Currently, mainstream prices of European ferrovanadium 80%min stand at USD24.2-24.7/kg V in warehouse Rotterdam, the same as last week. Inquiries from end consumers stay rare due to the COVID-19 and most suppliers are watching the market now. Insiders believe that mainstream prices of European ferrovanadium would keep weak in the coming week.
“We always quoted USD24.7/kg V in warehouse Rotterdam and didn’t change during the past two weeks,” a trader in Middle Europe said. Their last deal was made late last week, when they sold 20t to one of their regular clients at USD24.5/kg V. For firm bids more than 20t, they could accept this price level. He received the current prices of raw materials vanadium pentoxide flake 98%min stand firm at USD5.5/lb V2O5 in warehouse Rotterdam now, unchanged from last week. Though inquiries for ferrovanadium are rare to see in European market due to the COVID-19, considering prices of raw material keeps steady, he believes that mainstream prices of European ferrovanadium 80%min would stay firm in the coming week.
With a regular trading volume of 300tpm for ferrovanadium, they only supply their regular clients during the past three months. They expect to sell about 200t in June, unchanged from May, holding about 100t of regular stocks at the moment, the same as last month.
“We insisted on USD24.5/kg V in warehouse Rotterdam during the past week but our highest dealing price stayed at USD24.2/kg V,” a trader in East Europe noted. They sold 20t at USD24.2/kg V to their regular client early last week. He received another inquiry for 20t late last week but the buyer only wanted to buy at no more than USD24/kg V. They refused this order directly as they couldn’t guarantee their basic profit at this price level. He received the current prices of vanadium pentoxide flake in European stand at around USD6.2/lb V2O5 in warehouse Rotterdam and could buy at no more than USD5.5/lb V2O5, the same as last week. Supported by the firm cost, though inquiries for ferrovanadium keep rare, he believes that mainstream prices of European ferrovanadium 80%min would keep firm in the coming week.
This company could sell 40tpm in normal, they sold about 500t in 2019 and about 200t in the first half months this year. Supported by the demand of their regular clients, they expect to sell 40t in June, unchanged from May. They have no stock now, down by 20t from last month.
www.asianmetal.com
