China’s Ferro-vanadium Market Continues Downtrend Amid Weak Demand, Ample Supply
China’s export price for ferro-vanadium fell slightly last week, following the trend witnessed in the domestic market as a result of weak demand and ample supply.
Fastmarkets’ weekly price assessment for ferro-vanadium, 78% V min, fob China at $25.50-27.50 per kg on Thursday April 9, down by $0.50 per kg or 1.9% from $26-28 per kg a week earlier.
The weakness in China’s export market comes despite the recent strength seen in European vanadium prices due to supply concerns amid South Africa’s coronavirus-related lockdown.
Fastmarkets’ twice-weekly price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe was rolled over at $25-25.60 per kg on April 10 due to the Easter Holiday, but is up by or $0.65-2 per kg or 5.5% from $23-24.95 per kg on April 3.
The weakness in China’s export market comes despite the recent strength seen in European vanadium prices due to supply concerns amid South Africa’s coronavirus-related lockdown.
Fastmarkets’ twice-weekly price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe was rolled over at $25-25.60 per kg on April 10 due to the Easter Holiday, but is up by or $0.65-2 per kg or 5.5% from $23-24.95 per kg on April 3.
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