European FeV market weakening but slowly

BEIJING (Asian Metal) 26 Jun 06 – With truckload deals almost non-existent in several past weeks, ferrovanadium market is only seeing deals from consumers who are buying material for additional requirement.

Currently, ferrovanadium 80%min grade material concludes in the range USD37.50-38/kg V d.Asian Metal Copyright said he received vanadium pentoxide offers at USD8lb but decline to confirm it because .Asian Metal Copyrightp.Asian Metal Copyright whilst 50%min grade is USD0.Asian Metal Copyright whilst 50%min grade is USD0.50/kg V d.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright90lb in warehouse Rotterdam for prompt delivery and much lower for prompt shipment from China.Asian Metal Copyright lower.Asian Metal CopyrightIn India, reports have it a Chinese supplier offered 50%min ferrovanadium at USD35-36kg V CIF Mumbai to a trader and consumers are also talking the price down claiming they have received offers at USD34.Asian Metal Copyright

A source that Friday reportedly sold 18t of 80%min grade material, split equally in the coming quarter for delivery, at USD37.50/kg V d.Asian Metal Copyright" Another source described the market as “… still weakening but slowly, now USD38kg V d.Asian Metal Copyrightp.Asian Metal Copyrightp.Asian Metal Copyright said he received vanadium pentoxide offer at USD8.10/lb but believes one can get material at USD7.90/lb in warehouse Rotterdam for prompt delivery and much lower for prompt shipment from China.

A source that respectively sold 3t of 80% and 10t of 50% for USD38/kg V d.p. and USD37/kg V d.Asian Metal CopyrightA source that respectively sold 3t of 80% and 10t of 50% for USD38kg V d.Asian Metal Copyrightp. said he received vanadium pentoxide offers at USD8/lb but decline to confirm it because . "We can't find any buyer and it's risky to stock material when prices are falling."

Another source described the market as “… still weakening but slowly, now USD38/kg V d.p. for 80%min grade and USD37/kg V d.Asian Metal Copyright lower.Asian Metal Copyrightp.Asian Metal Copyright" Another source described the market as “… still weakening but slowly, now USD38kg V d.Asian Metal Copyright for 50%min.” He added material on water is lower and reasoned many consumers are getting the material through long term contracts and some are using FeNb, which is currently around USD16-17/kg Nb.

In India, reports have it a Chinese supplier offered 50%min ferrovanadium at USD35-36/kg V CIF Mumbai to a trader and consumers are also talking the price down claiming they have received offers at USD34.50/kg V CIF.