GLOBAL VANADIUM WRAP: European vanadium market records first price gains in 15 weeks

The European vanadium market rebounded for the first time in 15 weeks after a late-week surge in buying interest, while Chinese exporters and US suppliers cut their offer prices amid sluggish demand.

Chinese exporters slash offers amid sluggish demand from abroad EU FeV market halts slide, realizes first gains since February on late week rally European V2O5 market follows FeV uptrend US FeV prices tumble amid slowed demand, lower prices abroad The export price for ferro-vanadium in China softened for a third consecutive week on Thursday May 23 amid sluggish demand from abroad. Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $33-36 per kg on May 23, the lowest level since November 2017. The latest assessment is down by 6.8% from $35-39 per kg a week earlier. Buyers from abroad demonstrated only limited interest in procuring ferro-vanadium from China last week despite a constantly narrowing price spread between the Chinese and European markets after the sharp drop seen in the Chinese market since the May Day holiday (May 1-4). “There is almost no price difference in both markets now, but...

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Chris Kavanagh

Amy Lv

May 28, 2019

08:08 GMT

Shanghai, New York