GLOBAL VANADIUM WRAP: European ferro-vanadium, V2O5 prices climb to multiyear highs

European ferro-vanadium and vanadium pentoxide prices surged to fresh 10-year and 13-year highs respectively amid thin supply availability and increased activity levels in the week ended Friday September 7, while the Chinese export market firmed despite limited buying interest.

Chinese export prices bolstered by strength in domestic market European FeV prices surge to fresh 10 year-high amid return of consumers, traders to spot market European V2O5 prices reach 13-year highs amid limited availability of material US FeV spot market remains dormant China’s ferro-vanadium export prices rebounded slightly in response to strength in the domestic market, but transactions were limited with many buyers outside China still not back from holidays. Metal Bulletin’s latest price assessment for fob China ferro-vanadium min 78% rose to $80-82 per kg on September 6, up from $79-82 per kg a week earlier, but buying interest remained low with many market participants not yet back from holidays. “Domestic ferro-vanadium prices in China rose by 10,000 yuan ($1,458) per tonne, and I lifted my export prices to $86-87 [per kg] based on increased costs, but no deals have been concluded at this level,” a...

Published

Anna Xu

Chris Kavanagh

September 11, 2018

07:15 GMT

New York, Shanghai