Chinese vanadium export activity limited, offering prices slide
European vanadium markets inactive, prices flat
US ferro-vanadium spot market activity picks up, prices narrow
The Chinese ferro-vanadium export market saw a pickup in activity this past week, but the V2O5 export market remained quiet.
Metal Bulletin assessed the price for fob China ferro-vanadium min 78% at $65-69 per kg on Thursday May 3, compared with an assessed price of $66-69 per kg a week earlier.
“I closed one container of the cargo at $65.80 per kg [on April 27] and am offering at $66.50-67,” a major exporter told Metal Bulletin.
“Domestic demand has improved and I have received around 20 inquiries for vanadium nitride from rebar producers, so I am optimistic about the [Chinese] market going forward,” the above source added.