The Chinese vanadium market followed European prices upward last week, in its first full week since returning from the Chinese New Year break. Meanwhile, the US and European markets continued to strengthen on thinning stocks and healthy spot demand.
Chinese vanadium prices surge after emerging from Chinese New Year European market continues uptrend in light of supply constraints US ferro-vanadium prices rise on elevated overseas prices, uptick in spot demandThe Chinese vanadium export market rebounded over the past week, with participants returning from the Chinese New Year break (February 15-21) eager to chase European prices higher. The rebound was also supported by increased demand for vanadium products from domestic steel mills. Metal Bulletin assessed fob China ferro-vanadium prices at $61-62 per kg on Thursday March 1, up 3.8% from $58-60.50 a week earlier. Meanwhile, the price quotation for fob China vanadium pentoxide (V2O5) was at $13.50-14 per Ib on March 1, rising 3.4% from $13-13.60 per lb in the prior week. "[China's domestic] market saw a number of tenders for ferro-vanadium...