Chinese FeV, V2O5 export prices continue to soften, tracking domestic trends
European FeV unchanged, V2O5 prices slip
US ferro-vanadium prices narrow upward.
The export price for ferro-vanadium in China softened in the latest assessment period on August 15, after sentiment among the country’s ferro-vanadium exporters was depressed further by a steep price drop in the domestic market.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China, was $37-40 per kg on August 15, down by 6.1% from $40-42 per kg in the preceding week.
Chinese ferro-vanadium exporters were still not interested in making offers, citing the limited chances to conclude any deals in the export market given the still-wide price gap between the Chinese and European markets, despite the recent evidence of weakness in the Chinese domestic market.
The price gap between China and Europe, which narrowed to $6.00-7.85 per kg from $9.00-9.95 per kg a week earlier, was...