European ferro-vanadium price slips on aggressive offers
V2O5 prices follow alloy market lower
Chinese ferro-vanadium export price stable in quiet spot market.
US prices slide amid pressure from overseas declines
Fastmarkets’ price assessment for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe moved down to $28.40-29.20 per kg on September 20 from the midweek assessment of $28.85-30.25 per kg.
It succumbed to downward pressure, with suppliers cutting offers amid lackluster spot demand and ample supply in the region.
The latest price assessment for ferro-vanadium in China and Europe left a price gap of $7.10-9.30 per kg, according to Fastmarkets’ data.
The ferro-vanadium export price in China was stable for the second consecutive week in the latest assessment period ended on Thursday after domestic exporters held back from offering because of improved demand and prices in the domestic market.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China, was $35.50-38.50...