GLOBAL VANADIUM WRAP: Chinese vanadium prices slide on soft buying, European V2O5 follows

Ferro-vanadium prices in China retreated over the week ended Friday August 16 amid limited buying interest, while the price of vanadium pentoxide in Europe fell back from recent gains, following the trend in China.

Chinese FeV, V2O5 export prices continue to soften, tracking domestic trends European FeV unchanged, V2O5 prices slip US ferro-vanadium prices narrow upward. The export price for ferro-vanadium in China softened in the latest assessment period on August 15, after sentiment among the country’s ferro-vanadium exporters was depressed further by a steep price drop in the domestic market. Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China, was $37-40 per kg on August 15, down by 6.1% from $40-42 per kg in the preceding week. Chinese ferro-vanadium exporters were still not interested in making offers, citing the limited chances to conclude any deals in the export market given the still-wide price gap between the Chinese and European markets, despite the recent evidence of weakness in the Chinese domestic market. The price gap between China and Europe, which narrowed to $6.00-7.85 per kg from $9.00-9.95 per kg a week earlier, was...

Published

Chris Kavanagh

Ewa Manthey

Amy Lv

August 19, 2019

19:45 GMT

Shanghai, London, New York