Vanadium prices were supported by China’s logistical concerns amid the novel coronavirus (2019-nCoV) outbreak with prompt availability tightening, although the spot market for the alloy slowed down last week, according to market participants.China’s export price for ferro-vanadium stabilized amid a comparatively quiet market in the week to Thursday February 13.
Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China, was $29-31 per kg on February 13, flat week on week.
Buying interest for China’s ferro-vanadium from overseas was limited, market sources told Fastmarkets.
“We did not receive any inquiries from abroad [last week], but even if there are some, we cannot see any chance of transactions because some domestic alloy plants are either reluctant to provide us cargoes or are offering too high,” a first Chinese ferro-vanadium exporter said.
“Some buyers from the Middle East showed interest in [imports], but we declined to make offers because we do not have much stock at hand and prefer to sell the volume in the…
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