Prices for vanadium pentoxide (V2O5) jumped in China and Europe in the week ended Friday June 22, buoyed by tight supply in the spot market, while US ferro-vanadium quotations stabilized though low availability persists there.
China's vanadium export prices jump on domestic tightnessEuropean vanadium market moved higher owing to tight spot cargoes US ferro-vanadium market largely was stable, but tightness continues Metal Bulletin's latest assessment of fob China ferro-vanadium min 78% prices moved up to $68-76 per kg on Thursday June 21 from the prior week's $67-71. "One Japanese buyer asked for 20 tonnes of ferro-vanadium but I can only supply 10 tonnes, the settlement price was $74 [per kg]," a China-based ferro-vanadium exporter told Metal Bulletin. "I am offering $76 in the export market, higher than the domestic level as the payback for exporting cargoes is longer, otherwise I prefer to sell in the domestic market with payment by cash for slightly lower prices," a second ferro-vanadium exporter said. "The domestic supply is tight and demand is good with prices rising," the second exporter added. Meanwhile, Metal...