Chinese ferro-vanadium market falls on lack of foreign buying interest; V2O5 follows
European ferro-vanadium market slumps on aggressive offers
European V2O5 price tumbles on limited buying interest
US ferro-vanadium price follow downtrend overseas amid lackluster spot demand
In China, the export price for ferro-vanadium, min 78%, fob China, fell on Thursday March 21 for the third consecutive week to $64-67 per kg, from $68-72 per kg previously.
The price has gone down by 12.7% month on month, according to Fastmarkets’ historical data. It was also down by 5.1% from this time last year, although it had been as high as $130-140 per kg from mid-October to mid-November 2018.
Overseas buyers stayed on the market sidelines last week amid softening in both the international and Chinese domestic markets. Buyers were expected to re-enter the market for restocking when the ferro-vanadium price finally reaches a bottom, market sources said.
Some Chinese ferro-vanadium exporters adjusted their...