Vanadium market continues to climb on China logistical concerns, tightening availability

摘要

China’s export price for ferro-vanadium increased in the week ended Thursday February 6, after sentiment was buoyed by higher purchase prices from mills amid the current tight supply caused by the coronavirus outbreak. Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China, stood at $29-31 per kg on February 6, up 7.1% from $27-29 per kg the previous week. A few Chinese ferro-vanadium exporters reportedly received sparse inquiries from countries outside of China, but showed limited interest in making offers as the overseas price is not competitive enough compared with the domestic one.