GLOBAL VANADIUM WRAP: European market falls again; Chinese market loses momentum

The European vanadium market softened in the week ended Friday June 21 following a brief rebound in the prior week, while the Chinese market stabilized at the previous week's levels.

China's export FeV price stabilizes amid quiet spot market European FeV price falls again amid weakening demand European, Chinese V2O5 prices unchanged amid scarce spot activity US spot prices narrow amid low liquidity After gaining some upward momentum for three consecutive weeks, export prices for ferro-vanadium in China stagnated last week amid low levels of trading activity. Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $35-37 per kg on June 20, unchanged from the previous week. Some Chinese ferro-vanadium exporters cited relatively high production costs as the main reason for holding their offer prices firm despite thin buying interest from abroad. “We know our offer price is hard to achieve [in the export market] this week, but we cannot lower it any further because our costs are there,” a Chinese ferro-vanadium exporter told Fastmarkets on June 20. Meanwhile, a few ferro-vanadium exporters in China held back from offering into the...

Published

Chris Kavanagh

Ewa Manthey

Amy Lv

June 25, 2019

05:56 GMT

Shanghai, London, New York