Chinese ferro-vanadium export prices tick up on the back of European recovery
European market firm week on week on thinning spot inventories
US ferro-vanadium price stagnates on market inactivity
Chinese ferro-vanadium offers rose to chase the price recovery in Europe, while the export price range for vanadium pentoxide (V2O5) narrowed, Metal Bulletin learned in the latest pricing session.
Metal Bulletin assessed fob China ferro-vanadium price min 78% at $66-69 per kg on Thursday April 26, moving up by $1 on the high end of the range week on week.
“Seeing the price recovery in Europe this Wednesday from the downtrend over the past two weeks, some Chinese exporters lifted offers. I raised my offers to $68 from last week’s...