Fastmarkets’ price assessment for ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe
, dropped to $22.95-23.40 on Friday December 6, from the mid-week assessment of $22.95-23.50 per kg, when prices fell from $23-23.80 per kg after two consecutive weeks of stability.
“European demand remains low with producers struggling to sell material to the same customers,” a trader in Europe said. “With the steel market still struggling and the automotive sector under pressure, there is no upside for prices in sight.”
Meanwhile, the Chinese export price of ferro-vanadium was stable in the latest assessment period ended on Thursday December 5 amid a lack of liquidity.
Fastmarkets’ assessment for ferro-vanadium,...