GLOBAL VANADIUM WRAP: Chinese FeV export offers edge up on thin supplies; European market sees limited activity

Chinese vanadium exporters raised their offer prices again this past week against a back drop of tightening supply, while European ferro-vanadium prices narrowed amid a slowdown in spot activity.

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]...

Published

Chris Kavanagh

Amy Lv

January 23, 2019

03:28 GMT

Shanghai, New York