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The export price for ferro-vanadium in China softened for a third consecutive week on Thursday May 23 amid sluggish demand from abroad.
Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $33-36 per kg on May 23, the lowest level since November 2017. The latest assessment is down by 6.8% from $35-39 per kg a week earlier.
Buyers from abroad demonstrated only limited interest in procuring ferro-vanadium from China last week despite a constantly narrowing price spread between the Chinese and European markets after the sharp drop seen in the Chinese market since the May Day holiday (May 1-4).
“There is almost no price difference in both markets now, but...