Vanadium market continues to climb on China logistical concerns, tightening availability

China’s export price for ferro-vanadium increased in the week ended Thursday February 6, after sentiment was buoyed by higher purchase prices from mills amid the current tight supply caused by the coronavirus outbreak.

Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China, stood at $29-31 per kg on February 6, up 7.1% from $27-29 per kg the previous week.
A few Chinese ferro-vanadium exporters reportedly received sparse inquiries from countries outside of China, but showed limited interest in making offers as the overseas price is not competitive enough compared with the domestic one.
“There were a few inquiries from abroad, but we have not given any offers so far because we want to put our focus on the domestic market this year. Moreover, the overseas price is still not appealing enough right now despite gains registered in recent weeks,” a Chinese ferro-vanadium exporter said.
Chinese domestic vanadium products, including ferro-vanadium and vanadium nitrogen, recorded gains amid growing buying interest from mills while supply was relatively limited.

Many mills re-entered the market last...

Published

Ewa Manthey

Amy Lv

February 10, 2020

15:49 GMT

Shanghai, London