Chinese ferro-vanadium market softens on lack of foreign buying interest
European ferro-vanadium prices slump on aggressive offers
European V2O5 edges down amid limited buying interest
US ferro-vanadium slips on inactivity
The Chinese ferro-vanadium export price declined, with some exporters lowering their offer prices amid persistently subdued buying appetite from abroad in the latest assessment period ended on Thursday March 7.
Fastmarkets’ export price for ferro-vanadium, min 78%, fob China, was assessed at $73-76 per kg on March 7, down 0.7% from $74-76 per kg the previous week.
Some Chinese ferro-vanadium exporters were reported to have reduced their offer prices to encourage sales and in anticipation of the price potentially coming under pressure due to the abundant supply in the domestic market.
“The demand [from abroad] has been very weak since the week-long Lunar New Year holiday [on February 4-10] while [ferro-vanadium] stocks have piled up since then,” a Chinese...