Chinese ferro-vanadium market stalls amid low spot activity
European ferro-vanadium prices drop to less than $30 per kg, weak demand continues
V2O5 prices in China move up amid rising buying interest, tightening availability, but European market falls by 10% on aggressive offers
US prices edge down; buying interest slows.
The Chinese export price for ferro-vanadium stalled in the latest assessment on July 11, amid thin trading activity resulting both from seasonally low demand and from the Chinese price being more favorable than its European counterpart.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China, remained unchanged at $34.50-36.50 per kg.
Chinese ferro-vanadium exporters which received inquiries from abroad either refrained from offering or held their offer prices relatively firm, after noticing that the domestic price showed signs of strengthening in the past week.
“We received several inquiries from abroad, but have not made any offers yet because it is...