China’s export FeV price boosted by domestic market strength
European FeV price buoyed by recovery in Chinese market
European V2O5 price unchanged amid limited spot activity
US FeV market levels off
Export prices for ferro-vanadium in China ticked up for a third consecutive week in the week ended Friday June 14, with market sentiment boosted by rebounding prices in the country’s domestic market.
Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $35-37 per kg on June 13, widening upward by $0.50 per kg from $35-36.50 per kg in the prior week.
Chinese ferro-vanadium exporters either held their offer prices firm or refrained from offering last week after realizing that the domestic price was much more favorable than that in the European market.
This dynamic also resulted in there being limited buying interest from foreign buyers last week.
“It’s normal to see that there are limited numbers of deals...