Chinese ferro-vanadium export prices fall on weak demand
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The export price for ferro-vanadium in China slumped last week after holding steady for three consecutive weeks.
Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $44-47 per kg on May 9, down by 12.5% from $50-54 per kg a week earlier.
Chinese ferro-vanadium participants showed no interest in offering into the export market on noticing the significant price gap between the Chinese and international markets.
The gap between the Chinese ferro-vanadium export price and the ferro-vanadium delivered duty-paid price in Europe has widened to around $7.60-8.30 per kg, according to Fastmarkets data.
“I do not see any chance to secure any deals [in the export market] because the Chinese price is obviously much higher than that in the...