The Chinese ferro-vanadium price continues to fall amid weak buying interest.
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US ferro-vanadium price flat week on week.
The export price for ferro-vanadium in China continued to trend lower due to a lack of buying interest and weak market sentiment in the latest assessment period.
Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $54-58.50 per kg on Thursday April 4, down 6.6% from $58-62.50 per kg the week before.
The price has fallen by 18.8% from early 2019 and 58.3% from an all-time high of $130-140 per kg on October 18, 2018, according to Fastmarkets’ historical data.
Many Chinese ferro-vanadium exporters continued to lower their offer prices last week following the persistent drop in the international...