Chinese ferro-vanadium market moves up, European price follows higher
Offers for ferro-vanadium in China move up after suppliers refuse to sell at cheaper levels
China’s export V2O5 price continues its upward trajectory, tracks the trend in the domestic market European V2O5 market quietens down
US FeV price tumbles 9%
The export price for ferro-vanadium in China edged up last week after exporters in the country refused to surrender any further on prices upon noticing that the price in the domestic market has been on an upward trend due to better-than-expected demand.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China, was at $35-37 per kg on July 18, up by 1.4% from $34.50-36.50 per kg in the prior week.
Few deals were heard to have been concluded in the export market this past week partly because of the wide price difference between the Chinese and European markets.