Chinese sellers cut their spot export offers as producers in Sichuan resume operations after summer closures
Small sales dominate the European spot market with consumers reluctant to overstock with prices still buoyant
US ferro-vanadium market makes gains after lagging behind Europe; post-hurricane construction projects put good demand on the horizon
Activity in China’s vanadium market slowed last week, with around 2,000 tpm vanadium production set to re-enter the market after production restarts in the country’s key vanadium producing province of Sichuan, Metal Bulletin as learned.
Consumers in the physical market have retreated to the sidelines, anticipating that prices will fall further in the coming weeks as production comes on stream.
Around 2,500 tpm or 35% of China’s vanadium production was taken out of the market as a result of environmental inspections in Sichuan province this summer.
Domestic prices for ferro-vanadium fell 10,000 yuan ($1,526) to 170,000-180,000 yuan per...