Ferrovanadium climbs as market tightens
Jan 25, 2013 | 03:36 PM
| Thorsten Schier
Tags
ferrovanadium,
Chinese vanadium pentoxide,
vanadium pentoxide,
ferrovanadium prices,
Thorsten Schier
NEW YORK — Ferrovanadium prices continue to rise as domestic producers see solid contract demand and imports from foreign converters dwindle due to tightness in the Chinese vanadium pentoxide market.
"The demand for us is pretty good. (Consumers) feel guardedly optimistic about the first and second quarter," one producer source said, adding that strong demand from contract customers means he hasn’t been able to sell larger quantities of spot material despite numerous inquiries from both consumers and traders.....
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