Ferro-vanadium demand sees revival in Europe and China, moderating price falls
Buyers’ market develops for V2O5 and prices struggle as demand fails to recover
US ferro-vanadium market under pressure amid limited spot transactions
In Europe, the spot market was more active last week, but a midweek tender provided clarity on just how cheaply sellers would offer in order to secure truckload inquiries, which have been few and far between in recent weeks.
Metal Bulletin’s ferro-vanadium price assessment fell to $34-34.75 per kg, delivered duty-paid in Europe, on Friday October 20, compared with $36-37 per kg seven days earlier.
“It’s going down like a stone; vanadium had a very good summer run, and now the market’s like a lame duck,” a trader source told Metal Bulletin.
Market participants reported an increase in spot demand week on week, but noted that the market was still vulnerable to profit-taking, and under pressure from...