GLOBAL VANADIUM WRAP: Global markets continue rise on tight supplies, robust trader demand
Date: Jan 17, 2018
The global vanadium pentoxide (V2O5) and ferro-vanadium markets continued upward on strong momentum to start 2018, with prices surging amid concerns over thinning supply availabilities.
- Chinese V2O5, ferro-vanadium prices surge on low availability, robust demand
- European ferro-vanadium prices follow Chinese market, run wild amid trader frenzy
- US FeV market follows overseas markets upward amid low inventories
The fob China prices for ferro-vanadium and vanadium pentoxide recorded week-on-week jumps of 12.2% and 7.2%, respectively, to $50-60 per kilogram and $12-13.30 per pound, according to Metal Bulletin’s latest weekly assessment on Thursday January 11.
“Chinese vanadium prices rose sharply, as domestic supply continues to be tight and buying interest from steel mills for downstream ferro-vanadium and vanadium nitride increased. We raised our export offers for ferro-vanadium to $55-56 this week from $50 of last week, and stopped quoting for V2O5 owing to limited stocks,” an important producer and exporter source said.
“We know that overseas buyers have difficulties in accepting our prices, but time will fix it,” the source said, believing…
