GLOBAL VANADIUM WRAP: Chinese export prices soar on domestic...

GLOBAL VANADIUM WRAP: Chinese export prices soar on domestic market strength after return from holiday

Chinese export prices soared last week, supported by strength in the domestic market, while markets in Europe and the United States were slowed by subdued activity levels.

Chinese export price rises on domestic strength upon emergence from holidays.

European ferro-vanadium market steady at 13-year high, awaiting further demand.

Vanadium pentoxide price sets new 13-year high in Europe, following Chinese market upward.

Ferro-vanadium spot prices climb in the United States despite subdued spot demand.

China’s ferro-vanadium export price jumped in line with the domestic market, with a few offers moving far higher due to supplier bullishness on the market as a result of increased demand following the implementation of new rebar standards starting in November.

Fastmarkets MB’s latest assessment for ferro-vanadium 78% minimum fob China jumped to $113-117 per kg on

Thursday October 11 from $104-110 before China’s National Day holiday from October 1-7. But export spot market deals have not increased over the past week. “Domestic consumers and rebar mills are stockpiling and [transaction] prices keep increasing. Exporters prefer to sell in [the] domestic market