European ferro-vanadium market stalls; US market catches up

The European ferro-vanadium market stalled last week as consumers continued to sit on the sidelines, while US ferro-vanadium prices soared as the market continued to catch up to the sharp increases seen earlier in Europe.

Spot prices for European ferro-vanadium were $101-105 per kg on Friday September 28, up 15 cents on the low end from $100.85-105 per kg delivered duty-paid in Europe during the mid-week assessment, according to Metal Bulletin.

The marginal move upward re-established prices at more than 13-year highs set on September 21, with prices last residing at current levels on June 6, 2005.

Prior to last week’s quiet close to September, prices had been on a meteoric rise during the month, increasing 27.6% from August 31 to September 21.

A lack...

Published

Chris Kavanagh

October 02, 2018

19:47 GMT

New York