GLOBAL VANADIUM WRAP: China market in post-holiday lull; EU, US supply tightness continues to drive prices

The Chinese vanadium market remained sluggish after the Lunar New Year holiday came to an end last week, but the European and US markets continued to strengthen amid supply concerns.

China market sluggish after holiday, prices steady Tightness in European market bolsters prices once again US market continues to strengthen on thin supply Chinese vanadium participants were slow in returning to the market following the weeklong Lunar New Year break (February 15-21), with many choosing to adopt and wait-and-see approach to gauge how international markets had progressed in China’s absence before deciding their next step. Therefore with limited trade activity over the past week, Metal Bulletin’s price quotations for fob China ferro-vanadium and vanadium pentoxide were unchanged at $58-60.50 per kg and $13-13.60 per Ib respectively on Thursday February 22. But with prices in international markets likely to continue their recent upward trend and the export arbitrage window opening for Chinese exporters, market sources told Metal Bulletin they expect a near-term recovery in China’s export market. “We may raise the export offers. Buyers accepting higher...

Published

Anna Xu

Chris Kavanagh

February 27, 2018

10:25 GMT

New York, Shanghai