GLOBAL VANADIUM WRAP: China's FeV export price tumbles more than 8%; European market rebounds on improved sentiment

The export price of ferro-vanadium in China fell again last week, narrowing the price differential with Europe, while the European market rebounded amid improved sentiment after suppliers resisted selling material below the psychological $20-per-kg level.

China’s ferro-vanadium export price continued to soften in the week ended Friday November 8 amid persistently weak buying interest from abroad and a continual decline in the domestic market.
Fastmarkets assessed the price of ferro-vanadium, 78% V min, fob China at $26.50-28.50 per kg on November 7, down by 8.3% from $29-31 per kg a week earlier.
The persistent drop in the Chinese price over the past few weeks has seen an obvious narrowing in the price gap between China and Europe, which has stifled some Chinese market participants’ interest in importing cargoes.
The price differential between China and Europe has narrowed to $5.90-6.90 per kg from $8.80-10.50 per kg in early October, according to Fastmarkets’ latest price assessments.

“The price difference [of ferro-vanadium] between China and Europe is much smaller. And I believe those who showed interest in importing vanadium products...

Published

Chris Kavanagh

Ewa Manthey

Amy Lv

November 12, 2019

06:05 GMT

Shanghai, London, New York