Chinese exporters maintain offer levels despite lack of buying interest
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Export prices for ferro-vanadium in China were unchanged last week after exporters maintained their previous offer levels despite a lack of buying interest from abroad.
Fastmarkets’ export price assessment for ferro-vanadium, min 78%, fob China, stood at $74-76 per kg on February 28, unchanged from a week ago.
Offers made by some ferro-vanadium exporters in China failed to capture any real buying interest last week, but these exporters were still resistant to lowering their offer levels due to the recent yuan appreciation and the stable ferro-vanadium prices in the Chinese domestic market.
“We received a number of inquiries and gave them our offer prices but we haven’t been replied by anyone so far. I feel instead of having the...