GLOBAL VANADIUM WRAP: Chinese vanadium market rebounds; European V2O5 price jumps by 17%
November 18, 2019
Export prices for ferro-vanadium and vanadium pentoxide (V2O5) in China rebounded last week, bolstered by strength in both the domestic and European vanadium markets; in Europe, tightened availability and a firmer ferro-vanadium market drove the V2O5 price up by around 17%.
China’s export price for ferro-vanadium gained some upward momentum on Thursday November 14, underpinned by the strength seen in both the domestic and international markets last week. Fastmarkets assessed the price of ferro-vanadium, 78% V min, fob China at $28-30 per kg on November 14, up by 5.5% from $26.50-28.50 per kg in the previous week. This is the first increase since late July when the price trended upward amid growing demand from Chinese steel mills, some of which had never bought vanadium products before, stockpiled certain volumes in preparation for the quality check on rebar in some regions at the time. The ferro-vanadium export market in China remained quiet last week with sparse buying interest captured from abroad. “We still did not receive any inquiries from abroad despite the recent narrowing of price gap between China and Europe,” a Chinese ferro-vanadium exporter said. The price differential between Chinese and...
TNG Price at posting:
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