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The export price for ferro-vanadium in China managed to tick up on Thursday May 30, following three consecutive weeks of decline, after Chinese exporters either held their offers firm or raised their prices amid increasing inquiries from abroad and prices increases in the international market.
Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $34-36 per kg on May 30, up by 1.4% from $33-36 per kg in the prior week.
The price has dropped by 49.5% from the beginning of the year and is also down by 74.1% from the all-time high of $130-140 yuan per kg reached on October 18, 2018.