China exported 2,807 tonne of ferro-vanadium (basis 75% vanadium) in the first half of 2019, a drop of 17.9% from 3,419 tonnes over the same period in 2018, according to official but unconfirmed data seen by Fastmarkets.
The pronounced year-on-year dip in the export of ferro-vanadium was mainly due to a higher Chinese price compared with its European counterpart for most of the first half of the year, which dampened Chinese exporters' interest in shipping their cargoes abroad. The ferro-vanadium, 78% V min, fob China price averaged $56.80 per kg in the first half of 2019, compared with an average of $56.20 per kg for ferro-vanadium basis 78% V min, 1st grade, ddp, Western Europe, according to Fastmarkets' historical price data. The price of the former averaged $64.30 per kg over the same period of 2018 in comparison with the latter's average of $65.60 per kg. Fastmarkets' latest assessment for ferro-vanadium, 78% V min, fob China is $40-42 per kg as of Thursday August 8, while Fastmarkets most recently assessed the price of ferro-vanadium basis 78% V min, 1st grade, ddp, Western Europe at $31-32.15 per kg on Friday....