GLOBAL VANADIUM WRAP: Chinese exporters lower vanadium offers; EU market steadies amid inactivity

Chinese ferro-vanadium and vanadium pentoxide (V2O5) offers softened on limited export activity this past week, while the European markets were stagnant on a lack of spot market demand.

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.
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Published

Anna Xu

Chris Kavanagh

May 08, 2018

11:05 GMT

New York, Shanghai