GLOBAL VANADIUM WRAP: Chinese exporters drop offers; US, EU markets suffer from lackluster consumer demand

Chinese vanadium exporters continued to lower offers amid minimal buying interest abroad, while European and US ferro-vanadium prices continued to suffer from lackluster consumer interest.

Chinese exporters reduce offers amid limited buying interest abroad EU FeV market suffers from lackluster consumer spot demand EU V2O5 suppliers lower offers amid falling FeV price US FeV market slumps under pressure from Europe declines The export price for ferro-vanadium in China continued its downward trajectory in the latest assessment period on continued weakness in China and Europe. Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China was $33.50-36.50 per kg on October 17, down from $35.50-38 per kg a week earlier. China’s export market for ferro-vanadium remained lackluster amid a lack of buying interest from abroad and the wide price gap between China and Europe. The price gap between the Chinese and European markets remained as wide as $10.50-12 per kg, Fastmarkets’ latest assessment showed. The Chinese domestic ferro-vanadium price saw a dip in the past week amid sparse trading activities and subdued demand. “We...

Published

Chris Kavanagh

Amy Lv

October 22, 2019

11:00 GMT

New York, Shanghai