Meanwhile, increased spot liquidity in the vanadium pentoxide market in Europe drove prices down.
The prevailing uptrend in China’s export price for ferro-vanadium was no longer apparent in the week to Thursday November 21, closely following the stalling domestic market.
Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China
, was unchanged at $28-30 per kg on November 21.
The Chinese domestic ferro-vanadium price was unchanged last week amid limited spot trading activity with many mills retreating from the market after having completed restocking in the previous weeks, according to market participants.
“Demand [for vanadium products] was poor,” a Chinese ferro-vanadium producer said. “This round of stockpiling from mills has [finished] and traders have been cautious about placing orders due to a lack of clear direction [for] the price.”
Despite subdued demand from mills and traders, ferro-vanadium suppliers in China were...