Vanadium prices under pressure amid weak consumer demand

Vanadium prices were under pressure in the week to February 21 amid weak consumer demand, despite continued supply disruptions in China following the novel coronavirus (nCoV-19) outbreak.

Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China was flat week on week at $29-31 per kg on February 20 on low liquidity.
The export market was dormant, with limited buying interest captured from overseas markets, market sources told Fastmarkets.
Despite the quietness in the export market, Chinese domestic prices of vanadium products - ferro-vanadium and vanadium nitrogen – showed clear signs of weakening in response to shrinking buying interest from both traders and mills on completed restocking in previous weeks.
Some domestic ferro-vanadium producers have reportedly gradually resumed operations while a few alloy smelters in central China’s Hubei province, where the coronavirus initially broke out, are mulling production suspension on a lack of raw material supply because of strict lockdowns, market participants said.

“We are allowed to...

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Ewa Manthey

Amy Lv

February 24, 2020

15:00 GMT

Shanghai, London