GLOBAL VANADIUM WRAP: Chinese, European ferro-vanadium prices resume downtrend on thin buying

Chinese and European ferro-vanadium prices resumed their downward trend last week amid a slowdown in spot activity and thin buying interest.

Chinese, European ferro-vanadium prices down on limited buying interest, thin trading Vanadium pentoxide in Europe inches up due to tightening in available material Ferro-vanadium market stabilizes in the United States After a one-week pause, the ferro-vanadium export price in China resumed its downward trek on Thursday September 5, following the trend in both the domestic and the European markets. Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China was $35.50-38.50 per kg on September 5, down by 1.3% $36-39 per kg from the previous week. Buying interest for China-origin ferro-vanadium was said limited over the past week partly because Chinese material was more expensive. “We failed to receive any inquiries from abroad and we are doubting whether there will be an increase in demand from Europe this year as expected because the summer has already come to an end and demand should have come back by now,” a Chinese ferro-vanadium exporter told Fastmarkets on...

Published

Chris Kavanagh

Ewa Manthey

Amy Lv

September 09, 2019

22:40 GMT

Shanghai, London, New York