Vanadium prices in Europe and the United States continued their upward run in the week ended Friday October 26, amid constrained supply, while Chinese export activity fell dormant with prices remaining at a premium to the global markets.
Chinese export price stabilizes on weak buying interest amid premium offer prices EU FeV prices firm despite limited activity EU V2O5 prices strengthen on renewed trading activity US FeV spot market spikes.Chinese prices stagnateChina's ferro-vanadium export price stabilized with only a few spot deals reported over the pricing week to October 26, with many traders preferring to sell their material in the domestic market due to the favorable prices available there.Fastmarkets' latest price assessment for ferro-vanadium, 78% minimum, fob China, was $130-140 per kg on October 25, unchanged from a week before."We offer our ferro-vanadium for export at around $140-145 [per kg] on the basis of domestic prices, and we won't sell at a price below the given level," a ferro-vanadium trader said. No new deals have been concluded because of resistance to high offers from the overseas market, he added."We are not worrying about the current situation because...