European FeV market firm as vanadium pentoxide softens

BEIJING (Asian Metal) 16 Nov 05 – Trader sources indicate there is not much material in the market resulting in ferrovanadium 80%min being offered mainstream in the range USD52-54/kg V d.p.Asian Metal Copyright80lb.Asian Metal Copyright in warehouse Rotterdam.Asian Metal CopyrightBEIJING Asian Metal 16 Nov 05 – Trader sources indicate there is not much material in the market resulting in ferrovanadium 80%min being offered mainstream in the range USD52-54kg V d.Asian Metal Copyright In contrast, vanadium pentoxide, the raw material for ferrovanadium, is reportedly being concluded for as low as USD10.5/lb in warehouse Rotterdam.Asian Metal Copyright in warehouse Rotterdam.Asian Metal Copyright

An Estonia-based trader reported concluding a 40t deal of vanadium pentoxide for USD10.5/lb in warehouse Rotterdam yesterday, delivered to buyer's destination in eastern Europe. "With the situation of things as it is now, one is tempted to conclude the material could go for around USD9-10/lb in warehouse Rotterdam in the coming week, all things being equal,” opined the trader.

For ferrovanadium 80%min, reports have it the firm offer in the range USD52-54/kg V d.p.Asian Metal Copyright The company also has one container of vanadium pentoxide on offer at USD11lb FOB Korean port but can accept USD10.Asian Metal Copyright by traders is not unconnected with lots of enquiries received this week although no major concluded deals reported.Asian Metal Copyright "With the situation of things as it is now, one is tempted to conclude the material could go for around USD9-10lb in warehouse Rotterdam in the coming week, all things being equal,” opined the trader.Asian Metal Copyright

"There is not much material available at the moment, more so the material is much more controlled by Russia, South Africa and Austria," a Netherlands-based trader adduced to the seemingly tending to increase offer of ferrovanadium. The source continued that the material will generally strongly firm up again saying, "The various prices have reached their bottom levels, and we cannot see any collapse again except one or two dollars up and down.”

In South Korea, the market is reportedly calm and dealers are holding the material expecting the price to firm up whilst buyers have on the other hand, sent out few enquiries hoping their actions could send signals to dealers to lower their offer now reported to be in the range USD52-54/kg V FOB Korean port .

“Generally, there has been few enquiries as many end-users expect the price to fall further,” observed the spokeswoman of a major trading company in Seoul, adding “Chinese offering price is also going down , and this is affecting the market.” The company has one container of the material in a major Korean port but it is holding it since it cannot get a confirmation workable at around USD51.50/kg V FOB Korean port.

The company also has one container of vanadium pentoxide on offer at USD11/lb FOB Korean port but can accept USD10.80/lb.