Upstream tightness comes to the fore and V2O5 prices jump as sellers decline to offer
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China’s export prices for V2O5 rose last week, as tightness elsewhere diverted inquiries toward Asia.
Metal Bulletin assessed V2O5 prices at $9.10-9.80 per lb, fob China, on Thursday December 7, 3.8% higher than a week earlier.
Most Chinese V2O5 exporters declined to offer, but assessed prices toward the low end of the range, based on closing prices in China. One exporter closed a 40-tonne deal at $9.90 on a cif basis, with the material heading to Europe.
“Low availability [of V2O5] in Europe has caused some buyers there come to us,” the seller said. “That was a firm offer in late November, and after...