Wide China-Europe ferro-vanadium price gap attracts European cargoes to China

The wide differential between ferro-vanadium prices in China and Europe has prompted some European vanadium suppliers to deliver their cargoes to China to take advantage of the more favorable price in the Asian country, market sources told Fastmarkets.

Fastmarkets’ price for ferro-vanadium, 78% V min, fob China, is $35-37 per kg as of July 18, up from $34.50-36.50 per kg in the prior week.
Meanwhile, Fastmarkets assessed the price of ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe, at $29.55-31.05 per kg on July 19, up slightly from $29-30 in the previous assessment.
This leaves a price gap of $5.45-5.95 per kg between the Chinese and European markets.

The higher Chinese price...

Published

Amy Lv

July 22, 2019

12:26 GMT

Shanghai