Chinese V2O5, ferro-vanadium prices surge on low availability, robust demand
European ferro-vanadium prices follow Chinese market, run wild amid trader frenzy
US FeV market follows overseas markets upward amid low inventories
The fob China prices for ferro-vanadium and vanadium pentoxide recorded week-on-week jumps of 12.2% and 7.2%, respectively, to $50-60 per kilogram and $12-13.30 per pound, according to Metal Bulletin’s latest weekly assessment on Thursday January 11.
“Chinese vanadium prices rose sharply, as domestic supply continues to be tight and buying interest from steel mills for downstream ferro-vanadium and vanadium nitride increased. We raised our export offers for ferro-vanadium to $55-56 this week from $50 of last week, and stopped quoting for V2O5 owing to limited stocks,” an important producer and exporter source said.
“We know that overseas buyers have difficulties in accepting our prices, but time will fix it,” the source said, believing that the price in international markets will follow domestic Chinese...