Chinese exporters reduce offers amid limited buying interest abroad.
European ferro-vanadium market faces thin trading.
Vanadium pentoxide suppliers in Europe raise offers.
US ferro-vanadium market firms on improved sentiment.
The ferro-vanadium export price in China continued slid for the second consecutive week on Thursday with limited buying interest from abroad and a continuously weakening domestic market acting as headwinds.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China was $36-39 per kg, down by 2.6% from $37-40 per kg a week ago.
Many Chinese ferro-vanadium exporters refrained from offering amid sparse inquiries from abroad.
“Unlike the week before when we received a few inquiries, there was almost no inquiry from abroad this [past] week,” a Chinese ferro-vanadium exporter said. “This is probably because some have stockpiled certain volume for prompt production needs in the previous weeks.”
“We expect the demand from the overseas market to...