China’s export price for ferro-vanadium nudged down in the latest assessment period ended Thursday March 19, following the trends in both the domestic and European markets.
Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China
was at $26.50-28.50 per kg on Thursday, down by 1.8% from $27-29 per kg in the preceding week.
The rapid spread of the novel coronavirus (2019-nCoV) in countries outside of China has dampened demand for China’s vanadium products, market sources said.
“We barely noticed any buying interest from abroad. In contrast, we bought around 20 tonnes of imported ferro-vanadium from the bonded warehouse in Tianjin,” a Chinese ferro-vanadium trader said.
“Demand in the domestic market is not very strong but at least it is better than that from overseas countries,” the...