Brazilian ferrovanadium prices stable

Date: Mar 18, 2019

BEIJING (Asian Metal) 18 Mar 19 – Brazilian ferrovanadium 80%min market remains quiet with mainstream prices hovering at USD80.0-82.0/kg V D.D.P. now, unchanged from one week ago. As most consumers hold wait-and-see attitudes, insiders predict that the prices would show downtrend in the following week.

A Brazilian ferrovanadium trader claimed that they quote USD81.0/kg V D.D.P. for ferrovanadium 80%min at the moment, the same as last week and they can accept a counteroffer of USD1.0/kg V for firm bids in the spot market. “We just sold around 3t at USD80.0/kg V D.D.P. to a regular client on last Thursday in the spot market,” said the source, who added that it was very difficult for traders to sell the materials at lower prices given the value of their own stocks. However, dampened by poor demand from end users, the source thinks that the prices would decrease by another USD1.0/kg V in the coming week.

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