Fastmarkets assessed the ferro-vanadium 78% V min, fob China price
at $29.50-30.50 per kg on Thursday July 23, unchanged from the previous week, while its assessment for the ferro-vanadium basis 78% V min, 1st grade, ddp Western Europe price climbed 1.9% to $23.25-24.50 per kg on Wednesday July 29 – its highest since June 19.
“The market is tight as the price differential between China and Europe is wide, with China now being at $30 plus, excess material comfortably goes East. Any increase in interest in Europe is bound to send prices up, albeit not so high,” a trader in Europe said.
"There is no shortage, but excess is being taken out to China and related markets,"...