GLOBAL VANADIUM WRAP: European market continues upswing, Chinese exports stall

Chinese export prices for ferro-vanadium and vanadium pentoxide have held steady over the past week due to lackluster activity, with domestic prices remaining more favorable, while the European markets continued to gain strength on increased activity, closing the gap to the Chinese market.

Chinese export prices stall amid favorable domestic market EU FeV prices up slightly on increased consumer activity EU V2O5 prices strengthen amid increased liquidity US FeV prices firm despite stalled spot market. China China’s ferro-vanadium export price remained steady, with few deals reported over the week that ended on Thursday November 1, with favorable domestic prices in the country. Fastmarkets’ latest price assessment for ferro-vanadium, 78% minimum, fob China, was $130-140 per kg on November 1, unchanged since October 18. “Our export offer price [for ferro-vanadium] stands at $140-145 per kg, unchanged from last week, and we will not lower our offer price. We know it’s hard for overseas buyers to accept this price, but we have no intention of selling below this level,” a trader said. “It’s no surprise that traders are not willing to export their material at hand because domestic prices are much more attractive to them,”...

Published

Chris Kavanagh

Amy Lv

November 06, 2018

20:25 GMT

Shanghai, London