Supply constraints continued to drive European ferro-vanadium and vanadium pentoxide prices to new heights, with both markets reaching record highs while the Chinese export market remained dormant.
Chinese export prices remain flat absent export activityEU FeV prices set new record heightsEU V2O5 market edges upward to new record highUS FeV bolstered despite thin spot trading ChinaChina's ferro-vanadium export price remained stable for the fifth consecutive week in the seven days to November 15, despite a slight recovery in buying interest from overseas market participants amid the further narrowing in the price spread between China's domestic and export market. Fastmarkets' latest price assessment for ferro-vanadium, 78% minimum, fob China, was $130-140 per kg on Thursday, unchanged since October 18. Although no export deals were concluded in the pricing week, Chinese ferro-vanadium traders have at last received inquiries from foreign buyers starting from this week, sources said. "We received some inquiries from European buyers this week... but we haven't given any [offers] so far," a ferro-vanadium trader said on Thursday. "[But] we will have a discussion on how to offer later." The same trader...