Chinese vanadium price rises have increased the differential with the European vanadium market, sparking interest in import business in China, market sources told Fastmarkets.
Fastmarkets assessed the price of ferro-vanadium, 78% V min, fob China at $30-31.50 per kg on Thursday June 11, up by 3.4% week on week and its fourth consecutive weekly rise, while its assessment for the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe price stood at $24.05-24.90 per kg on June 10, unchanged from the previous assessment and down 10 cents on the high end week on week.
The Chinese price has been underpinned by reduced supply and improved demand since late April while the price in Europe has slid due to weakening demand as a result of the spread of the Covid-19 pandemic since mid-February.
The latest assessments place the price differential for Chinese and European ferro-vanadium at $5.95-6.60 per kg compared with $1-2 per kg in early March.
Meanwhile, China’s vanadium pentoxide (V2O5) price began…
The Chinese price has been underpinned by reduced supply and improved demand since late April while the price in Europe has slid due to weakening demand as a result of the spread of the Covid-19 pandemic since mid-February.
The latest assessments place the price differential for Chinese and European ferro-vanadium at $5.95-6.60 per kg compared with $1-2 per kg in early March.
Meanwhile, China’s vanadium pentoxide (V2O5) price began…
www.metalbulletin.com
