Chinese exporters reduce offers amid limited buying interest abroad
EU FeV market suffers from lackluster consumer spot demand
EU V2O5 suppliers lower offers amid falling FeV price
US FeV market slumps under pressure from Europe declines
The export price for ferro-vanadium in China continued its downward trajectory in the latest assessment period on continued weakness in China and Europe.
Fastmarkets’ assessment of the export price for ferro-vanadium, 78% V min, fob China was $33.50-36.50 per kg on October 17, down from $35.50-38 per kg a week earlier.
China’s export market for ferro-vanadium remained lackluster amid a lack of buying interest from abroad and the wide price gap between China and Europe.
The price gap between the Chinese and European markets remained as wide as $10.50-12 per kg, Fastmarkets’ latest assessment showed.
The Chinese domestic ferro-vanadium price saw a dip in the past...