European ferrovanadium price range widened Sept. 13, but
players reported a confused trading environment.
participants reported seeing strong prices, others suggested
the recent rally could be losing steam.
publication Metal Bulletin is quoting 70- to
80-percent ferrovanadium at $26.80 to $27.10 per kilogram, down
on the low end from $26.90 to $27.10 per kg. on Sept. 11.
All sources agreed
that Chinas domestic prices have been rising and are
heading for $29 per kg., although there was no consensus on
whether this would filter through to Europe.
"When you dont
have any exports from China, the price will go up. I think (the
market) is squeezed," one producer said.
On the other hand, one
trader pointed to lower numbers in Ukraine as a sign that
prices could be weakening in Europe. "I think theres
business at (lower) levels. What will be interesting to see is
how long the Chinese stay out of the market and whether the
world market moves to catch up with them."
prices from Latin America and India could mean levels in Europe
will follow suit, a second trader said. "There are inquiries in
Mexico and Argentina at $26.90 minimum, so I think its
going to be $27. The Indians want $27.10."
remains flat at $5.55 to $6 per poundon a lack of concluded
business, market participants said.
A version of this
article was first published in AMM sister publication Metal