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 positionsPrices 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...