GLOBAL VANADIUM WRAP: European FeV, V2O5 prices continue to rise with December stocks limited
Date: Dec 5, 2017
European prices for ferro-vanadium and vanadium pentoxide continued to rise last week, supported by steady demand and limited availability, while the Chinese and US markets stabilized.
Chinese V2O5 and ferro-vanadium markets quiet and largely stable; underpinned by tightness European prices continue to increase with spot availability limited US spot market interest spikes amid signs of overseas strength Export prices for ferro-vanadium and V2O5 from China were roughly stable last week, amid an unchanged domestic market and a lack of interest from overseas buyers, who preferred the convenience of material available for prompt delivery. Metal Bulletin’s price assessment for Chinese V2O5 stabilized at $9-9.20 per lb, fob China, on Thursday November 30. “The export market has been quiet for weeks [but] the domestic market has continued on the uptrend, with material in tight supply,” a major exporter told Metal Bulletin. “For shipment it’s almost impossible to get an offer,” a trader added. In China’s ferro-vanadium market, tenders from steel mills have not elicited the expected increase in…
