Chinese FeV export offers rise on thin supplies
European FeV market narrows on spot market slowdown
European vanadium pentoxide (V2O5) market flat on inactivity
US FeV prices slide further in line with global market
Chinese ferro-vanadium export prices ticked up for the second consecutive week in the pricing week ended Friday January 18 amid limited availability of the material in the country’s domestic market.
Fastmarkets’ price assessment for ferro-vanadium, 78% min, fob China, stood at $70-72 per kg on January 17, up by 0.7% from $69-72 per kg in the previous week.
Several ferro-vanadium export deals were reportedly concluded at the price range of $70-72 per kg in the pricing week despite the fact that the volume for each deal was no more than 10 tonnes.
Many Chinese ferro-vanadium exporters refrained from offering last week because of the lack of readily available spot cargoes on hand.
“We will not be able to offer [ferro-vanadium]...