Russian participants watching ferroniobium market

1 Jul 10 – As prices of tantalite and columbite go up, Russian participants are watching ferroniobium market with nearly no deal made.Asian Metal Copyright The trader indicated because of the increased price of raw materials, there are some offers above RUB1,300kg Nb USD42kg Nb, but the mainstream price is below this level.Asian Metal Copyright However, the price in spot markets is steady at RUB1,250-1,300/kg Nb (USD40-42/kg Nb).Asian Metal Copyright He disclosed they have no interest in entering the market to buy material in the following days except that they receive new orders.Asian Metal Copyright Sources commented that some consumers are still using their inventories purchased before, ferroniobium market will continue to be quiet in a short term.Asian Metal Copyright He disclosed they have no interest in entering the market to buy material in the following days except that they receive new orders.Asian Metal Copyright

A Russian trader revealed to Asian Metal that consumers from steel-making industry have already entered into the summer recess, thus the ferroniobium market is not likely to rise until September.Asian Metal Copyright .Asian Metal Copyright "Some end-users are still operating at low capacity and prefer to watch the market," said the source.Asian Metal Copyright Sources commented that some consumers are still using their inventories purchased before, ferroniobium market will continue to be quiet in a short term.Asian Metal Copyright

 According to the source, in spite of the rising price of raw materials, downstream steel-making industry is still fairly sluggish, and market demand for ferroniobium sees no big improvement.Asian Metal Copyright However, the price in spot markets is steady at RUB1,250-1,300kg Nb USD40-42kg Nb.Asian Metal Copyright The source confirmed the mainstream price of ferroniobium is steady at about RUB1,250/kg Nb (USD40/kg Nb).Asian Metal Copyright According to the source, in spite of the rising price of raw materials, downstream steel-making industry is still fairly sluggish, and market demand for ferroniobium sees no big improvement.Asian Metal Copyright

Another Russian trader agreed participants are watching the market.Asian Metal Copyright However, the price in spot markets is steady at RUB1,250-1,300kg Nb USD40-42kg Nb.Asian Metal Copyright He disclosed they have no interest in entering the market to buy material in the following days except that they receive new orders.Asian Metal Copyright Another Russian trader agreed participants are watching the market.Asian Metal Copyright "I think some end-users are still consuming inventories bought before.Asian Metal CopyrightBEIJING Asian Metal 1 Jul 10 – As prices of tantalite and columbite go up, Russian participants are watching ferroniobium market with nearly no deal made.Asian Metal Copyright They enter the market only to ask prices with no intention of buying," said the source.Asian Metal Copyright Sources commented that some consumers are still using their inventories purchased before, ferroniobium market will continue to be quiet in a short term.Asian Metal Copyright

The trader indicated because of the increased price of raw materials, there are some offers above RUB1,300/kg Nb (USD42/kg Nb), but the mainstream price is below this level.Asian Metal CopyrightBEIJING Asian Metal 1 Jul 10 – As prices of tantalite and columbite go up, Russian participants are watching ferroniobium market with nearly no deal made.Asian Metal Copyright He reported to Asian Metal that it is difficult for the market demand to go up in a short-run, but the price is expected to remain steady at this level.Asian Metal Copyright "Some end-users are still operating at low capacity and prefer to watch the market," said the source.