Ferrovanadium pricing spectrum gets wider in end-of-year market
Dec 05, 2006 | 06:50 AM
| Meghann McDonell
Ferrovanadium prices are still in a range of $16.25 to $17.25 a pound, but there are reports of wild swings at both ends of the pricing spectrum—sales as high as $18 a pound and as low as $15.50 a pound.
The historically wide spread has been attributed to traders selling off material for lower prices ahead of year's end and spot sales for specific grades commanding a higher price.
Traders trying to sell off inventory before the end of the year may be sacrificing profit in order to balance their books. "If a trader has 100,000 pounds on the ground then they don't look good to the boss," one producer said. "They may be trying to make their books look better for next year, so they're moving material at $15.50 to get rid of it by Dec. 31."....
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