GLOBAL VANADIUM WRAP: Ferro-vanadium prices continue to fall, V2O5 markets follow downward

Ferro-vanadium prices continued to fall globally in the week ended Friday May 10 with vanadium pentoxide (V2O5) markets following the downtrend.

Chinese ferro-vanadium export prices fall on weak demand European ferro-vanadium price continues downtrend on aggressive offers, oversupply European V2O5 price falls again on weak buying, Chinese export price under pressure The export price for ferro-vanadium in China slumped last week after holding steady for three consecutive weeks. Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $44-47 per kg on May 9, down by 12.5% from $50-54 per kg a week earlier. Chinese ferro-vanadium participants showed no interest in offering into the export market on noticing the significant price gap between the Chinese and international markets. The gap between the Chinese ferro-vanadium export price and the ferro-vanadium delivered duty-paid price in Europe has widened to around $7.60-8.30 per kg, according to Fastmarkets data. “I do not see any chance to secure any deals [in the export market] because the Chinese price is obviously much higher than that in the...

Published

Chris Kavanagh

Ewa Manthey

Amy Lv

May 14, 2019

08:13 GMT

Shanghai, London, New York