vanadium prices rising

BEIJING 16-Apr-14. The Chinese ferro-vanadium export market has seen more deals recently in response to higher prices in the European market. A number of exporters have corrected up prices.

Mainstream prices for 80% grade ferro-vanadium are in a range of $25.5-25.8/kg FOB China in the export market, and meanwhile the market has also seen quotes as high as $26.0/kg FOB China.

A Guangxi-based producer reported that the export market has been active this week, with more enquiries received. “European ferro-vanadium prices have moved up rapidly, so overseas customers have sent more enquiries,” said the source, adding that they have concluded several deals this week.

The source noted that they offered material at $25.5-25.8/kg FOB China last week, while they have raised prices to $26/kg FOB China this week.

On the domestic market, the source also pointed out that the market has been firm and they have sold material at higher prices of RMB81,000-82,000/tonne paid by acceptance bill.

Currently, mainstream prices for 50% grade ferro-vanadium are in a range of RMB79,000-82,000/tonne paid by acceptance bill.

A source at a Liaoning-based producer confirmed that the export market is warming up with more deals done. “We have made deals at $25.8/kg FOB China recently, and the price is expected to rise further in the near term,” said the source.