European ferrovanadium suppliers hold prices steady
2024-04-19 10:11:45 [Print]
BEIJING (Asian Metal) 19 Apr 24 - European ferrovanadium 80%min suppliers complained about low profits and preferred to hold inventories rather than mark down prices over the past week. Therefore, the current ferrovanadium 80%min mainstream prices in Europe stand at USD25.8-26.3/kg V in warehouse Rotterdam, without much change from one week ago. Buyers have no intention to purchase in bulk. Given that suppliers prefer to hold stocks rather than lower prices, insiders forecasts that the European ferrovanadium 80%min market would witness further steady prices in the upcoming week.
A European supplier claims that he still quotes about USD26.4/kg V in warehouse Rotterdam for ferrovanadium 80% and refuses to sell at prices lower than USD26.0/kg now, the same as one week ago. He concluded his latest sale early this week, when he sold five tons at around USD26.0/kg. "Ferrovanadium 80% demand from my clients remain stable and my clients still have no intention to purchase in bulk, but I already face difficulties in gaining profit at current price levels and refuse to lower prices," said the supplier, who predicts that the ferrovanadium 80% mainstream prices in Europe would continue standing at current levels in the forthcoming week.
The trader, on basis of a regular monthly sales volume of around 50t of ferrovanadium 80%, estimates to sell around 60t this month, without much change MoM. He sold about 150t so far this year, compared with approximately 600t last year. He has around 50t of stocks at the moment, in line with mid-March.
A European trader discloses that he holds ferrovanadium 80%min quotation firm at about USD26.3/kg V warehouse Rotterdam and considers selling at around USD26.2/kg now, in line with one week ago. "I last sold six tons at around USD26.2/kg the day before yesterday," said the supplier, who complains about thin margins and prefers to hold prefer to hold stocks rather than lower prices. As suppliers refuse to make concession on prices, insiders forecast that the Chinese ferrovanadium 80%min market would see further steady prices in the upcoming week.
With a typical monthly trading volume of around 20t of ferrovanadium 80%min, the trader's sales volumes in 2023 and so far in 2024 recorded approximately 200t and 80t respectively. He expects a sales volume of around 20t in April, without much change MoM. He holds an inventory of about 20t now, without much change MoM.
A European supplier claims that he still quotes about USD26.4/kg V in warehouse Rotterdam for ferrovanadium 80% and refuses to sell at prices lower than USD26.0/kg now, the same as one week ago. He concluded his latest sale early this week, when he sold five tons at around USD26.0/kg. "Ferrovanadium 80% demand from my clients remain stable and my clients still have no intention to purchase in bulk, but I already face difficulties in gaining profit at current price levels and refuse to lower prices," said the supplier, who predicts that the ferrovanadium 80% mainstream prices in Europe would continue standing at current levels in the forthcoming week.
The trader, on basis of a regular monthly sales volume of around 50t of ferrovanadium 80%, estimates to sell around 60t this month, without much change MoM. He sold about 150t so far this year, compared with approximately 600t last year. He has around 50t of stocks at the moment, in line with mid-March.
A European trader discloses that he holds ferrovanadium 80%min quotation firm at about USD26.3/kg V warehouse Rotterdam and considers selling at around USD26.2/kg now, in line with one week ago. "I last sold six tons at around USD26.2/kg the day before yesterday," said the supplier, who complains about thin margins and prefers to hold prefer to hold stocks rather than lower prices. As suppliers refuse to make concession on prices, insiders forecast that the Chinese ferrovanadium 80%min market would see further steady prices in the upcoming week.
With a typical monthly trading volume of around 20t of ferrovanadium 80%min, the trader's sales volumes in 2023 and so far in 2024 recorded approximately 200t and 80t respectively. He expects a sales volume of around 20t in April, without much change MoM. He holds an inventory of about 20t now, without much change MoM.
