- Chinese ferro-vanadium export prices fall on weak demand
- European ferro-vanadium price continues downtrend on aggressive offers, oversupply
- European V2O5 price falls again on weak buying, Chinese export price under pressure
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...