Chinese vanadium suppliers pushed up their offer prices considerably last week, after the market continued to be supported by low availability of stocks.
Chinese suppliers elevate offers on thinning inventories European ferro-vanadium market stabilizes temporarily amid spot demand slowdownUS ferro-vanadium market quiet, but further gains expected after strong late week dealsChinese vanadium export prices continued to rise last week, buoyed by higher domestic prices and low availability of spot material.Metal Bulletin's latest price quotation for fob China ferro-vanadium stood at $69-71 per kg on Thursday March 15, climbing by 11.1% from $62-64 per kg a week earlier. Meanwhile, the fob China vanadium pentoxide (V2O5) price was assessed at $14.80-16 per lb, up by 4.2% from $14-14.60 per lb previously.The tightness in spot V2O5 supply in China has persisted with major Chinese producers, including Jianlong Group, Tranvic Group and Desheng Group, said to be focused on the fulfillment of long-term contracts and not making any offers...