China’s FeV prices quadruple on year amid tight supply

Date: Nov 13, 2018

China’s ferrovanadium market has spent most of this year struggling with tight supply, propelling the domestic price of the ferroalloy to all-time highs and refreshing the record many times since September. The latest was on October 19 when the price for 50% grade FeV topped Yuan 500,000/tonne ($71,980/t) including 16% VAT– a dramatic rise of 339% from one year earlier – and as of November 8 has been hovering at that record-high level for several weeks, Mysteel’s database shows.

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