Chinese ferro-vanadium export price static on thin trading
European prices edge higher on tight supply, though spot demand is limited
US ferro-vanadium prices dip further amid limited spot activity
The Chinese ferro-vanadium export price stalled in the assessment period ended Thursday January 24 amid thin trading activity ahead of the Chinese New Year holiday.
Fastmarkets assessed the price for ferro-vanadium, 78% min, fob China, at $70-72 per kg on Thursday, unchanged from the previous week.
The number of deals concluded in China’s ferro-vanadium export market last week shrank evidently from a week ago because many Chinese exporters held off from offering so close to the week-long public holiday.
“Many Chinese market participants are not in a mood to do business now as the Chinese New Year is just around the corner. There might be some trade seen this week but the market will be very quiet in the coming...