South Korean ferrovanadium prices stable

Date: Feb 13, 2019

BEIJING (Asian Metal) 13 Feb 19 – South Korean ferrovanadium 80%min market remains quiet with mainstream prices hovering at USD76-78/kg V D.D.P. at the moment, unchanged from last week. Insiders predict that the market would see stable prices in the coming week due to limited supply with weak demand.

A ferrovanadium trader in South Korea claimed that they quote USD76/kg V D.D.P. for ferrovanadium 80%min now, the same as last week. “There are not many buyers now and offers from Chinese suppliers are scarce too,” said the source, adding that the last deal of 5t was concluded at around USD77/kg V D.D.P. with a regular client two weeks ago in the spot market. In spite of poor demand, the source thinks that the prices would remain stable in the coming week due to limited supply.

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