GLOBAL VANADIUM WRAP: Chinese export prices continue to decline on thin trading; European market follows downward

Chinese vanadium export prices continued to register declines after exporters lowered their offers in order to drum up buying interest, while European vanadium prices again followed the downtrend in the Chinese market.

Chinese export prices soften on thin trading European vanadium prices remain under pressure amid profit-taking US FeV market grinds to a halt, prices flat
The Chinese vanadium export market was quiet in the week ended Friday May 18, with prices softening amid thin spot activity.

Metal Bulletin assessed the fob China ferro-vanadium min 78% price at $63-66 per kg on May 17, slightly down from the prior week’s assessed price of $64-66 per kg.

“Sentiment in the export market is not good with the sluggish demand and lower bids… I have lowered my offers to $65 [per kg] from around $68-69 a week ago,” a ferro-vanadium exporter said.

A second ferro-vanadium exporter agreed that demand from...

Published

Anna Xu

Chris Kavanagh

May 22, 2018

09:25 GMT

New York, Shanghai