China’s FeV, V2O5 exports under pressure from high domestic prices; ferro-niobium imports rise 32% y-o-y

China exported 378 tonnes of ferro-vanadium (basis 75% vanadium) in May, an increase of 9.8% from 344 tonnes in April, according to official but unconfirmed data seen by Fastmarkets.

However, Chinese market participants said they expected to see exports decline in June due to higher Chinese prices than those in Europe since May. The average price of ferro-vanadium, 78% V min, fob China in May stood at around $40.80 per kg while the price of ferro-vanadium basis 78% V min, 1st grade ddp Western Europe averaged $36.85 per kg, Fastmarkets’ historical data showed. Fastmarkets’ latest assessment for ferro-vanadium, 78% V min, fob China stood at $34.50-36.50 per kg on July 4 while Fastmarkets most recently assessed the price of ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe at $31-32 per kg on July 5. May's export volumes were also down 48.3% from the 731 tonnes shipped overseas in the same...

Published

Amy Lv

July 09, 2019

07:02 GMT

Shanghai