European ferro-vanadium prices extend rally amid trader restocking, nearby availability concerns

Ferro-vanadium prices rose by more than 7% in Europe during the first half of this week, with traders reporting low warehouse inventories and potential interference to China’s ability to plug the gap should the coronavirus outbreak create logistical delays.

Fastmarkets’ benchmark price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe rose to $27.50-29.50 per kg on Wednesday January 29, up by $1.50-2.35 per kg from $26-27.15 per kg on January 24.
“Vanadium is on fire again,” a producer source said.
Traders have continued to restock into the rally, with offers reported in excess of $30 per kg come Wednesday.

So far it has been another quiet week for consumer buying, with...

Published

Charlotte Radford

January 30, 2020

02:40 GMT

London