GLOBAL VANADIUM WRAP: FeV, V2O5 prices rise on upstream tightness, upbeat demand
Date: Dec 12, 2017
The global vanadium market continued to find support last week, stemming from China and tight supplies of vanadium pentoxide.
Upstream tightness comes to the fore and V2O5 prices jump as sellers decline to offer Ferro-vanadium prices make steady gains amid unseasonable consumer buying US market continues to firm despite limited consumer purchasing activity China’s export prices for V2O5 rose last week, as tightness elsewhere diverted inquiries toward Asia. Metal Bulletin assessed V2O5 prices at $9.10-9.80 per lb, fob China, on Thursday December 7, 3.8% higher than a week earlier. Most Chinese V2O5 exporters declined to offer, but assessed prices toward the low end of the range, based on closing prices in China. One exporter closed a 40-tonne deal at $9.90 on a cif basis, with the material heading to Europe. “Low availability [of V2O5] in Europe has caused some buyers there come to us,” the seller said. “That was a firm offer in late November, and after…
