Chinese V2O5 and ferro-vanadium markets quiet and largely stable; underpinned by tightness
European prices continue to increase with spot availability limited
US spot market interest spikes amid signs of overseas strength
Export prices for ferro-vanadium and V2O5 from China were roughly stable last week, amid an unchanged domestic market and a lack of interest from overseas buyers, who preferred the convenience of material available for prompt delivery.
Metal Bulletin’s price assessment for Chinese V2O5 stabilized at $9-9.20 per lb, fob China, on Thursday November 30.
“The export market has been quiet for weeks [but] the domestic market has continued on the uptrend, with material in tight supply,” a major exporter told Metal Bulletin.
“For shipment it’s almost impossible to get an offer,” a trader added.
In China’s ferro-vanadium market, tenders from steel mills have not elicited the expected increase in...