Europe ferro-vanadium up on more spot market activity; V2O5 follows

The European ferro-vanadium market moved higher in the week to Friday January 10 amid increased spot market activity, with the vanadium pentoxide (V2O5) market price following the uptrend.

Fastmarkets last assessed the European ferro-vanadium price at $22.50-24 per kg on Friday January 10, up from the mid-week assessment of $22.50-23.25 per kg on Wednesday, when prices had moved up from $21.95-22.50 per kg on January 3.
The trading range has widened amid a pick-up in spot market activity, market sources said.
"The market is looking alive again this week," a producer said. "There is also demand coming from end users, not only traders, which is a good sign, with end users ready to buy material forward."
"It's getting difficult to secure prompt material. Offers are moving up quickly now to above $24 per kg," one trader said.

The vanadium pentoxide 98% V2O5 min, in-warehouse Rotterdam price...

Published

Ewa Manthey

Amy Lv

January 13, 2020

15:00 GMT

Shanghai, London