GLOBAL VANADIUM WRAP: Slow demand continues to drag FeV, V2O5 prices lower

Ferro-vanadium and vanadium pentoxide prices continued to decline last week amid sluggish demand, while Chinese market participants enjoyed the Golden Week holidays.

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...

Published

Charlotte Radford

Chris Kavanagh

October 09, 2017

13:20 GMT

London, New York