Narrowing China-Europe Vanadium Price Gap Stifles Import Interest

A continuously narrowing price difference between Chinese and European vanadium products since September has stifled import business in China, market sources told Fastmarkets.

Fastmarkets assessed the price of ferro-vanadium, 78% V min, fob China at $24-27 per kg on Thursday November 19, while its price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe was $24-24.75 per kg on November 20, leaving a price gap of $0-2.25 per kg, from that of $7.40-7.95 per kg in mid-to-late July.
Meanwhile, Fastmarkets assessed the price for vanadium pentoxide, 98% V2O5 min, fob China at $5.65-5.75 per lb on November 19, while the assessment for the price of…