Europe ferro-vanadium price hits 4-month high in active spot market; V2O5 market follows up

The European ferro-vanadium price continued its upward trend in the week to Friday January 17 amid an active spot market, with the vanadium pentoxide (V2O5) price following the alloy price's move higher.

Fastmarkets last assessed the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe at $24.80-26.20 per kg on Friday January 17 - the strongest it has been since it traded at $26-27 per kg in early October 2019 - and up from the mid-week assessment of $23.70-25.95 per kg, when prices had increased from $22.50-24 per kg. Prices have now risen for four consecutive pricing sessions.
"Offers keep moving, there is no cheap material around. We might see another push up in prices in the coming week," a trader in Europe said.
"The push higher is not only trader-led, end users are also looking for material," a supplier said. "There’s not that much material available here for spot."

Vanadium prices in Europe plummeted over 60% last year after hitting all-time highs in the second half of 2018. Prices had soared because of an anticipated increase...

Published

Ewa Manthey

Amy Lv

January 20, 2020

16:55 GMT

Shanghai, London