Vanadium prices30 May 2018 16:45
GLOBAL VANADIUM WRAP: Chinese export prices stall; European FeV rebounds in tightening market
Date:May 30, 2018
Chinese vanadium exporters held prices steady last week amid sluggish trading activity, while European ferro-vanadium prices bounced back due to tightening inventories.
Chinese vanadium export prices steady amid thin trading activity
European ferro-vanadium prices rebound on signs of inventory tightness
Ferro-vanadium market weaker in the United States, with traders reducing positions
Prices for fob China ferro-vanadium were unchanged over the past week, with thin spot market deals while most consumption has been well covered by long-term contracts. Meanwhile, export prices for vanadium pentoxide (V2O5) widened, with suppliers holding different opinions on the direction of the market going forward.
Metal Bulletin�s latest assessment for fob China ferro-vanadium, minimum 78%, was unchanged week on week at $63-66 per kilogram on Thursday May 24.
�Offers for ferro-vanadium min 78% with aluminium max 1.5% are roughly stable at $63-66, and we heard bids at $62 but no deals at low prices are reported until now,� one ferro-vanadium exporter said.
The market saw $62 offers for ferro-vanadium 78% with 4% aluminium, sources told Metal Bulletin.
�For low-quality or with high-aluminium ferro-vanadium, there are deals at around $62 [per kg],� a second ferro-vanadium exporter said.
�Domestic demand [for ferro-vanadium] from [the] rebar sector has been robust in May, and data show that purchases [from rebar mills] rose 15% [month on month] in May,� a major ferro-vanadium exporter told Metal Bulletin, adding that he has been quoting $65 per kg for cargoes during the past three weeks.
Metal Bulletin�s assessment for V2O5 fob China widened to $14.20-14.90 per Ib on May 24 from $14.30-14.80 the previous week.
�Tightness in China�s domestic market continues, and I held my offers at $14.50-14.90 per Ib,� one Hubei-based producer/exporter said.
But an exporter in another major production hub, Liaoning province, reported that he lowered offers to $14.20 from $14.30 due to thin inquiries from overseas markets over the past week.
https://www.vanadiumprice.com/global-vanadium-wrap-chinese-export-prices-stall-european-fev-rebounds-in-tightening-market/