Chinese export prices sink on weak buying interest
European ferro-vanadium prices weaken on profit-taking
Europe vanadium pentoxide (V2O5) market softens slightly amid inactivity
US ferro-vanadium market experiences more thin trading
Export prices for Chinese ferro-vanadium continued to trend lower in the pricing week ending on Thursday November 29, while Chinese traders showed their willingness to lower offers to attract foreign buyers once noticing that persistent weak sentiment was haunting the domestic market.
Fastmarkets’ price assessment for ferro-vanadium, fob China, dropped to $119-127.50 per kg on Thursday, down 7% from $130-135 per kg a week before.
China’s ferro-vanadium export market had a deal done between $120-130 per kg, with the buyer unwilling to disclose the trading volume, while many failed to promote a deal despite offering at a price below $120 per kg.
“There is still no deals done this week though we have lowered our offer prices to $121-122...