International ferrovanadium markets wax strong
2005-09-06 10:52:55 【Print】
BEIJING (Asian Metal) 6 Sep 05 – Market participants reported to Asian Metal that the ferrovanadium market prices keep going up in Europe.
By close of business last week in Europe, ferrovanadium traded averagely at USD42/kg V d.p. in warehouse Rotterdam, though some customers offered to buy at USD47/kg V d.p. but were turned down.
However, only at the begining of this week, the mainstream price now converges at USD48-50/kg V d.p. in warehouse Rotterdam for prompt shipment. A Luxembourg-based trader opined: “Activity is increasing, but people who have the material are still holding it, expecting higher prices.”
A commercial manager to a Germany-based company reported to Asian Metal the increased activity of the market has pushed up the price further. “The increased activity in the market has led some traders offering selling ferrovanadium at USD56-58/kg V d.p. for prompt delivery.”
In Turkey where the mainstream price stood at USD37-40/kg V d.u. last week, ferrovanadium 80%min now sell at around USD49-51. “We are still negotiating with our customers”, said a spokeswoman to a trading company. “Our selling offer is USD52-53/kg V d.u. but the customer is insisting on USD51/kg V d.u. for prompt delivery.
Elsewhere in France, the mainstream price for 80% ferrovanadium goes for USD48-50/kg d.p. prompt delivery in warehouse Rotterdam up from around USD42/kg V d.p. at close of business last week.
In the US, the market remained closed due to the Labor Day that is being observed.
Asian Metal will continue not to watch the news in the market, but tell news in the market.
By close of business last week in Europe, ferrovanadium traded averagely at USD42/kg V d.p. in warehouse Rotterdam, though some customers offered to buy at USD47/kg V d.p. but were turned down.
However, only at the begining of this week, the mainstream price now converges at USD48-50/kg V d.p. in warehouse Rotterdam for prompt shipment. A Luxembourg-based trader opined: “Activity is increasing, but people who have the material are still holding it, expecting higher prices.”
A commercial manager to a Germany-based company reported to Asian Metal the increased activity of the market has pushed up the price further. “The increased activity in the market has led some traders offering selling ferrovanadium at USD56-58/kg V d.p. for prompt delivery.”
In Turkey where the mainstream price stood at USD37-40/kg V d.u. last week, ferrovanadium 80%min now sell at around USD49-51. “We are still negotiating with our customers”, said a spokeswoman to a trading company. “Our selling offer is USD52-53/kg V d.u. but the customer is insisting on USD51/kg V d.u. for prompt delivery.
Elsewhere in France, the mainstream price for 80% ferrovanadium goes for USD48-50/kg d.p. prompt delivery in warehouse Rotterdam up from around USD42/kg V d.p. at close of business last week.
In the US, the market remained closed due to the Labor Day that is being observed.
Asian Metal will continue not to watch the news in the market, but tell news in the market.
