A clear sign of strengthening in China’s vanadium market since late April due to active restocking by downstream mills caused export interest to wane and partly accounted for the evident month-on-month drop in export volumes registered in May, market participants said.
Chinese exports of ferro-vanadium (=75% vanadium content) stood at approximately 300 tonnes in May, down by 29.3% from about 424 tonnes in April, according to the latest available data from China Customs.
The country also exported 437 tonnes of vanadium pentoxide (V2O5) in May, a drop of 10.7% from about 489 tonnes in April, the customs data showed.
The declines come after many Chinese exporters showed little interest in shipping their cargoes abroad…
The country also exported 437 tonnes of vanadium pentoxide (V2O5) in May, a drop of 10.7% from about 489 tonnes in April, the customs data showed.
The declines come after many Chinese exporters showed little interest in shipping their cargoes abroad…
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