Chinese vanadium prices surge after emerging from Chinese New Year
European market continues uptrend in light of supply constraints
US ferro-vanadium prices rise on elevated overseas prices, uptick in spot demand
The Chinese vanadium export market rebounded over the past week, with participants returning from the Chinese New Year break (February 15-21) eager to chase European prices higher. The rebound was also supported by increased demand for vanadium products from domestic steel mills.
Metal Bulletin assessed fob China ferro-vanadium prices at $61-62 per kg on Thursday March 1, up 3.8% from $58-60.50 a week earlier. Meanwhile, the price quotation for fob China vanadium pentoxide (V2O5) was at $13.50-14 per Ib on March 1, rising 3.4% from $13-13.60 per lb in the prior week.
“[China’s domestic] market saw a number of tenders for ferro-vanadium...