China’s V2O5 Export Prices Surge By Over 8% On Tightening Supply

China’s export prices for vanadium pentoxide (V2O5) climbed by 8.4% last week against the backdrop of significant gains in the domestic market due to tightening supply.

Fastmarkets assessed the price for vanadium pentoxide, 98% V2O5 min, fob China at $6.50-7 per lb on Thursday June 4, up by $0.35-0.70 per lb from $6.15-6.30 per lb a week earlier. The latest price is on average 10.2% higher than Fastmarkets’ assessment of $6.05-6.20 per lb on May 7.
Meanwhile, China’s domestic prices for V2O5 rose significantly in response to higher offers sparked by limited availability of spot cargoes and growing buying interest, according to market participants.
Suppliers either held back from offering spot cargoes in anticipation…