GLOBAL VANADIUM WRAP: Europe V2O5 price hits record high, US and China markets stall

European ferro-vanadium and vanadium pentoxide (V2O5) prices gained further strength on the back of limited supply availability in the week ended November 9, while in the United States and China vanadium prices stabilized on subdued market activity.

• Chinese export prices stabilize amid thin export activity due to favorable domestic market
• Europe FeV prices rise amid the lack of supply availability
• Europe V2O5 prices hit a historical high thanks to increasing liquidity
• US FeV prices stall amid subdued spot activity.
China
China’s ferro-vanadium export price remained unchanged for the fourth consecutive week, with few deals reported done over the pricing week as of Thursday November 8, as traders prefer to sell domestically because of the favorable prices in the domestic market.
Fastmarkets MB’s latest price assessment for ferro-vanadium, 78% minimum, fob China, was $130-140 per kg on November 8, unchanged since October 18.
“We are not offering [in the export market] this week as almost no foreign buyers have showed interest in inquiring recently so we are currently concentrating on the domestic market,” a ferro-vanadium trader said.

“We have not received any inquiries from overseas...

Published

Chris Kavanagh

Amy Lv

November 13, 2018

04:20 GMT

Lisbon, Shanghai