European V2O5 price under pressure amid falling alloy market; US FeV price narrows downward on sluggish demand

The European vanadium market continued its downtrend last week amid continuous weak demand and good spot availability.

Fastmarkets’ price assessment for ferro-vanadium, basis 78% V min, 1st grade, ddp Western Europe stood at $26-27 per kg on Friday October 4, down from $26.70-28 per kg on October 2, when prices had fallen to that level from $26.75-28 per kg.
"Everyone is trying to get rid of quantities because there's just too much material around," a trader in Europe said.

"There's not much that can stop the market from dropping," a second trader in Europe said. "It's going down rapidly with producers still...

Published

Chris Kavanagh

Ewa Manthey

October 08, 2019

06:50 GMT

London, New York