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The export price for ferro-vanadium in China continued its downtrend for the fourth consecutive week amid thin buying interest from abroad and a further drop in the international price in the latest assessment period ended on Thursday March 28.
The export price for ferro-vanadium, min 78%, fob China, was assessed at $58-62.50 per kg on Thursday March 28, down 8% from $64-67 per kg previously. The price is at its lowest level since February 2018, according to Fastmarkets historical data.
The price moved down last week after some Chinese ferro-vanadium exporters cut their offers further to encourage sales.
Others, meanwhile, insisted on holding their offers while the domestic spot price...