Ferro-vanadium price drops continue amid spreading coronavirus uncertainty

Ferro-vanadium prices continued to move down last week in Europe and China because of weaker demand for the alloy during the coronavirus pandemic.

China’s export price for ferro-vanadium nudged down in the latest assessment period ended Thursday March 19, following the trends in both the domestic and European markets.
Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China was at $26.50-28.50 per kg on Thursday, down by 1.8% from $27-29 per kg in the preceding week.
The rapid spread of the novel coronavirus (2019-nCoV) in countries outside of China has dampened demand for China’s vanadium products, market sources said.
“We barely noticed any buying interest from abroad. In contrast, we bought around 20 tonnes of imported ferro-vanadium from the bonded warehouse in Tianjin,” a Chinese ferro-vanadium trader said.

“Demand in the domestic market is not very strong but at least it is better than that from overseas countries,” the...

Published

Ewa Manthey

Amy Lv

March 23, 2020

13:09 GMT

Shanghai, London