Chinese ferro-vanadium price continues to fall amid subdued demand
European ferro-vanadium market down again on aggressive offers
Chinese, European V2O5 prices follow downtrend
US ferro-vanadium price falls more than 13%
The export price for ferro-vanadium in China continued its downward trend for the sixth consecutive week in the latest assessment period ended Thursday April 11.
Fastmarkets’ assessment for the export price for ferro-vanadium, min 78%, fob China, stood at $50-54 per kg on April 11, down by 7.6% from $54-58.50 per kg in the prior week and down by 24.1% from $67-70 per kg a year ago.
The price has recorded a drop of 30.2% since March 7, when it was assessed at $73-76 per kg, with weakness setting in after the week-long Chinese New Year (February 4-10). The price is down by 61.5% from an all-time high of $130-140 per kg on October 18, 2018.
Despite several inquiries received...