Chinese exporters were seen raising vanadium offer prices amid stronger sentiment following the market's return from the Chinese New Year holidays, sources told Fastmarkets.
Chinese vanadium export offers tick up European ferro-vanadium market flat on inactivity European vanadium pentoxide (V2O5) prices firm following stronger Chinese sentiment US ferro-vanadium prices widen amid activity increaseThe Chinese ferro-vanadium export price rose in the assessment period ended Thursday February 14 despite limited trading activity in the first week after the Chinese New Year holiday, with many market participants taking a wait-and-watch stance.
Fastmarkets' price assessment for ferro-vanadium, 78% min, fob China, moved to $70.50-75 per kg on Thursday, up 2.5% from $70-72 per kg in the week ahead of the Chinese New Year.
Many Chinese ferro-vanadium exporters raised their offers to the range of $74-77 per kg in the latest pricing period on the anticipation that there would unavoidably be a round of restocking from overseas market players after the Chinese holiday, celebrated February 4-10, .
"Though the number of inquiries we received is...