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After rising for three consecutive weeks, the export price for ferro-vanadium in China stalled last week amid broad weakness exhibited in the domestic market.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China was $40-42 per kg on August 8, unchanged from a week earlier.
Few deals were reportedly concluded in the export market this past week due to the still wide price gap between the Chinese and European markets, despite the recent losses recorded in China’s domestic market.
Fastmarkets’ latest assessments show that the price gap between China and Europe was still as wide as $9-9.95 per kg.
Fastmarkets assessed the price of ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe at $31-32.15 per kg on August...