European prices slip amid slow demand and stock liquidation
Sellers lower offers in the US to capture scarce enquiries
Market awaits return of Chinese producers for confirmation of direction in Europe and the US
Market participants in Europe reported consistent enquiries for ferro-vanadium last week but dismissed many of them as traders fishing for price indications, rather than a serious recovery in demand.
Metal Bulletin’s price assessment for ferro-vanadium settled at $36.95-37.50 per kg, delivered duty-paid in Europe, on Friday October 6, down from $37-38.50 per kg midweek.
Consumers picked up five to ten tonne lots last week, keen not...