European prices held at all-time highs, despite talk of cheaper numbers, with sellers so far under no pressure to cut their offers.
Chinese vanadium prices tick down on bearish market sentiment
European prices hold but talk of cheaper business puts buyers’ sights on possible move lower
Sellers outside China so far resisting pressure to cut offer prices
Export prices for Chinese ferro-vanadium moved lower last week after remaining unchanged at $130-140 per kg for five consecutive weeks, tracking bearish market sentiment prevailing in the country’s domestic market.
Fastmarkets’ price assessment for ferro-vanadium, fob China, fell to $130-135 per kg on Thursday, down 1.9% from a week earlier.
While no export deals were reported over the past week, some Chinese traders have shown a willingness to encourage deals by cutting their offer prices after noticing that the domestic market has been under the downward pressure because of thinning buying interest from...