Chinese vanadium prices hold on pre-holiday restocking

October 01, 2019 / www.metalbulletin.com / Article Link

The ferro-vanadium export price in China held steady for the third consecutive week in the week to Thursday September 26 despite muted buying interest from abroad due to the Chinese price surpassing its counterparts elsewhere.

Fastmarkets' assessment of the export price for ferro-vanadium, 78% V min, fob China was at $35.50-38.50 per kg on September 26, unmoved week on week. Few inquiries for ferro-vanadium have been reported from abroad on the still wide price gap between markets in both China and Europe.The price differential between China and Europe has widened out to as much as $8.75-10.50 per kg, according to Fastmarkets' latest assessments. Fastmarkets' price assessment for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe slid to $26.75-28 per kg on September 27 from the midweek assessment of $28-29 per kg. Despite thin buying interest from...

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