GLOBAL VANADIUM WRAP: European FeV market stalls after early gains; Chinese FeV exporters raise offer prices

European ferro-vanadium prices stabilized over the second half of last week amid a slowdown in the spot market following an early week surge, while Chinese ferro-vanadium exporters raised their offer prices in light of increased interest from abroad.

  • Chinese exporters elevate FeV offer prices on increased buying interest from abroad
  • European FeV market stalls after early week jump on late-week inactivity
  • European V2O5 price flat lines in dormant market
  • US FeV market stabilizes following European turnaround

The export price for ferro-vanadium in China managed to tick up on Thursday May 30, following three consecutive weeks of decline, after Chinese exporters either held their offers firm or raised their prices amid increasing inquiries from abroad and prices increases in the international market.
Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $34-36 per kg on May 30, up by 1.4% from $33-36 per kg in the prior week.
The price has dropped by 49.5% from the beginning of the year and is also down by 74.1% from the all-time high of $130-140 yuan per kg reached on October 18, 2018.

Market confidence in...

Published

Chris Kavanagh

Amy Lv

June 04, 2019

07:50 GMT

Shanghai, New York