Contracts also incorporate other terms that favor sellers amid expectations of rising demand and tightening supply of the alloy, delegates said on the sidelines of Metal Bulletin’s 33rd International Ferro-alloys conference in Lisbon, Portugal, this week.
Ferro-vanadium prices have soared in 2017, driven higher by environmental inspections in China and subsequent concerns about tight supply.
Metal Bulletin’s price assessment for ferro-vanadium
stands at $40-41.50 per kg, delivered duty-paid in Europe, up from $23.10-24 per kg at the time of last year’s IFA conference in Prague.
European prices had dipped below $13 per kg during contract negotiations in 2015.
In the US, ferro-vanadium
is trading in a range of $19.25-20 per lb, in-warehouse Pittsburgh, according to American Metal Market’s latest assessment, compared with $10.90-11.50 per lb a year ago.
While some discounts - largely set against reference prices set by Metal Bulletin...