European vanadium prices began to bounce back in the week ended Friday January 4 amid renewed supply tightness and increased buying interest, while Chinese export prices stalled on a lack of trading activity.
Chinese export prices stall on thin tradingEU FeV market rebounds on renewed buying interestEU V2O5 prices edge upward on FeV strengthUS FeV prices continue downward correction, lag behind global price movements. Chinese ferro-vanadium export prices stabilized in the pricing week ended January 3 on a lack of trading activity, with many overseas buyers still absent from the market on their year-end holidays.Meanwhile, despite thin numbers of inquiries from the overseas market, Chinese exporters held their offer prices relatively stable because they noticed that the domestic market was showing the potential for a round of price rises in the near future.Fastmarkets' price for ferro-vanadium, fob China, was assessed at $68.50-70.00 per kg on January 3, unchanged from the week before.Some domestic ferro-vanadium exporters were reported to have received inquiries from the Asian market and offered at around $70 per kg last week, a price...