Rising ferro-vanadium prices in China continued to push the European market higher during the week ended August 2, while vanadium pentoxide (V2O5) prices climbed more than 10% in Chinese and European markets.
Chinese, European ferro-vanadium prices continue to rise amid increased spot activityV2O5 prices move up amid tightness US prices edge down The export price for ferro-vanadium in China rose for the third consecutive week, boosted by a significant increase in the domestic market stemming from healthy demand and the continuous rise of the V2O5 price.Fastmarkets' assessment of the export price for ferro-vanadium, 78% V min, fob China was $40-42 per kg on Thursday August 1, up by 10.8% from $36-38 per kg a week ago. The price has gained around 15.5% since July, Fastmarkets' price archive shows.Chinese ferro-vanadium exporters refused to make offers despite receiving several inquiries in the past week. But they raised their expectations of tradable prices after noticing a substantial increase in the domestic market. "We do not have any interest in offering [in the export market] now because it's impossible to see any deals...