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’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,”...