FeV offers keep rising amid quite tight supply
Date: Sep 12, 2018
www.ferroalloynet.com: The supply tightness of vanadium has yet to be eased for a long time. There are few transactions of spot cargoes, excluding the signed orders in advance. Traders who signed orders in adavnce are not earger to sell as they are bullish about the future market. Now, the highest quoation of ferrovanadium 50# sits at 300000 rmb/ton (cash, tax inclusive), while the transaction prices mostly sit in a range of 285000-290000 rmb/ton. Unable to guarantee the supplies of raw materials, the manufacturers dare not sign many orders, so some steel mills and traders prefer to sign orders in advance.
