After holding steady for a month, the export price for ferro-vanadium in China narrowed downward in the latest assessment period on Thursday October 10 despite a lack of liquidity amid the widening price spread between China and Europe.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China
was $35.50-38 per kg on October 10, down by 0.7% from $35.50-38.50 per kg in the previous week.
The price differential between China and Europe has now widened to $10.50-12 per kg from $4.90-7.40 per kg in early September, according to Fastmarkets’ latest assessments.
The big price gap between Chinese and European markets has dented Chinese ferro-vanadium exporters’ interest in making offers.
“There is no use in giving any offers now because it’s quite clear that no overseas buyers will think of buying [ferro-vanadium] in China where the...