European ferrovanadium market sees rare inquiries
2023-04-21 08:24:24 [Print]
BEIJING (Asian Metal) 21 Apr 23 - Due to the soft demand from terminal users, most European ferrovanadium traders chose to watch the market and the market rare inquiries during the past week. Currently, the mainstream prices of European ferrovanadium 80%min stand at USD35-35.5/kg V in warehouse Rotterdam, down by USD1.5/kg V from late last week. Considering that buyers could easily find enough goods in spot market and the sufficient supply continues, insiders believe that the mainstream prices of European ferrovanadium 80%min would move down slightly in the coming week.
"No any buyers sent inquiries to me so far this week, but we could receive two inquiries one week before April. In order to promote sales, we could accept USD35.5/kg V in warehouse Rotterdam now," said a trader in Middle Europe. They last sold 10t of ferrovanadium 80%min at USD37/kg V about one week ago. Considering that they could easily replenish their inventory but buyers all prefer to watch the market now, they predict that the mainstream prices of European ferrovanadium 80%min would drop to around USD35/kg V in the coming week.
With a monthly trading volume of 40tpm, they sold about 500t in 2022 and about 120t so far this year. They expect to sell about 30t this month, down by about 10t from last month due to lack of orders. They have around 10t of regular stocks for the moment, unchanged MoM.
"We last sold 10t of ferrovanadium 50%min at USD37.5/kg V in warehouse Rotterdam about 10 days ago and didn't receive any new inquiries after that. However, we could receive at least one effective inquires one week before that," said another trader in Middle Europe. They contacted their major clients this week, but clients' target prices all stay at no more than USD35/kg V for the moment. Considering that they could hardly guarantee their monthly sales volume, they predict that the mainstream prices of European ferrovanadium 80% would stay below USD35/kg V next week.
With a regular trading volume of 40tpm, they sold around 480t in 2022 and about 100t in the first three months of 2023. They expect to sell about 20t this month according to the feedback of their regular clients, down by about 20t from last month, holding nearly 20t of regular inventories now, unchanged MoM.
"No any buyers sent inquiries to me so far this week, but we could receive two inquiries one week before April. In order to promote sales, we could accept USD35.5/kg V in warehouse Rotterdam now," said a trader in Middle Europe. They last sold 10t of ferrovanadium 80%min at USD37/kg V about one week ago. Considering that they could easily replenish their inventory but buyers all prefer to watch the market now, they predict that the mainstream prices of European ferrovanadium 80%min would drop to around USD35/kg V in the coming week.
With a monthly trading volume of 40tpm, they sold about 500t in 2022 and about 120t so far this year. They expect to sell about 30t this month, down by about 10t from last month due to lack of orders. They have around 10t of regular stocks for the moment, unchanged MoM.
"We last sold 10t of ferrovanadium 50%min at USD37.5/kg V in warehouse Rotterdam about 10 days ago and didn't receive any new inquiries after that. However, we could receive at least one effective inquires one week before that," said another trader in Middle Europe. They contacted their major clients this week, but clients' target prices all stay at no more than USD35/kg V for the moment. Considering that they could hardly guarantee their monthly sales volume, they predict that the mainstream prices of European ferrovanadium 80% would stay below USD35/kg V next week.
With a regular trading volume of 40tpm, they sold around 480t in 2022 and about 100t in the first three months of 2023. They expect to sell about 20t this month according to the feedback of their regular clients, down by about 20t from last month, holding nearly 20t of regular inventories now, unchanged MoM.
