GLOBAL VANADIUM WRAP: European ferro-vanadium price continues downtrend on thin buying

The European ferro-vanadium market continued its downtrend last week amid thin spot buying and prevailing bearish sentiment.

  • European ferro-vanadium price continues downtrend on sluggish trading
  • Chinese ferro-vanadium price stable in quiet spot market
  • Wide China-Europe price gap remains
  • China’s V2O5 export price continues to sink, tracks the trend in the domestic market
The ferro-vanadium export price in China stalled in the week ended Friday September 13 amid low levels of trading activity as a result of both suppliers’ lack of interest in offering and overseas buyers remaining on the sidelines.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China was $35.50-38.50 per kg on September 12, flat week on week.
“It’s still meaningless to make any offers now, though we received a few inquiries,” a Chinese ferro-vanadium exporter, who refrained from offering last week, said. “Because it’s impossible to see any deals concluded at the moment.”

The persistent wide price gap between China and Europe and the weak...

Published

Chris Kavanagh

Ewa Manthey

Amy Lv

September 17, 2019

07:19 GMT

Shanghai, London, New York