Ferro-vanadium prices up in EU, US, but still lag behind China

The price of ferro-vanadium continued to become firmer in the United States and Europe in the week ended Friday October 19, but both of those major markets continued to lag behind the price in the premium Chinese market.

A late-week revival in consumer spot market demand in Europe helped to bolster prices for ferro-vanadium in that region.
Spot prices for European ferro-vanadium were almost unchanged at $113.25-118.50 per kg on October 19, up from $113-118 per kg during Fastmarkets’ mid-week assessment.
The end of the week saw a flurry of spot-market inquiries, after consumers had been largely absent over the previous week.

“We saw a bit more activity at the end of last week, with some consumers finally coming back into the market,” a supplier source said. “We should see more...

Published

Chris Kavanagh

October 23, 2018

19:42 GMT

New York