NEW YORK Ferrovanadium prices in the United States have
softened on lower consumer business, although deals were again
reported in a wide range this past week.
Prices are now between $11.50
and $13.50 per pound, down from between $12.50 and $14.50 per
pound previously. Consumer business was reported at the bottom
end of the range this past week, although a significant spot
sale was reported above the $16-per-pound mark and small
quantities were sold at $14 per pound.
The general mood, however, was
that prices were softening as demand has weakened, with steel
production at lower levels going towards the end of the year.
Its been pretty quiet recently, one trader
Market sources said that consumers were taking lower amounts
of contracted material as capacity utilization in the steel
industry remains stuck below 70 percent, according to the
latest figures from the American Iron and Steel Institute