GLOBAL VANADIUM WRAP: Chinese export price falls on limited buying interest, weak domestic demand

Chinese vanadium exporters continued to reduce their offer prices due to lackluster overseas buying interest in the week ended Friday August 23, while European and US markets reported thin trading amid summer mill outages.

Chinese exporters reduce offers amid limited buying interest abroad.  European ferro-vanadium market faces thin trading.  Vanadium pentoxide suppliers in Europe raise offers.  US ferro-vanadium market firms on improved sentiment. The ferro-vanadium export price in China continued slid for the second consecutive week on Thursday with limited buying interest from abroad and a continuously weakening domestic market acting as headwinds. Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China was $36-39 per kg, down by 2.6% from $37-40 per kg a week ago. Many Chinese ferro-vanadium exporters refrained from offering amid sparse inquiries from abroad. “Unlike the week before when we received a few inquiries, there was almost no inquiry from abroad this [past] week,” a Chinese ferro-vanadium exporter said. “This is probably because some have stockpiled certain volume for prompt production needs in the previous weeks.” “We expect the demand from the overseas market to...

Published

Chris Kavanagh

Amy Lv

August 27, 2019

11:29 GMT

New York, Shanghai