Ferro-Vanadium Prices Continue To Slide On Weak Demand, Downbeat Sentiment

Ferro-vanadium prices were under pressure over the latest assessment period amid weak consumer demand both in China and Europe, while the European vanadium pentoxide price edged up in Europe amid tight prompt availability.

China’s ferro-vanadium export price dipped on Thursday February 27 in line with both the domestic and European markets.
Fastmarkets’ price assessment for ferro-vanadium, 78% V min, fob China was $28-30 per kg on Thursday, down 3.3% from $29-31 per kg a week before.
The sparse number of offers made in the export market failed to translate into deals in the past week after buyers declined the offer prices.
“We made offers for a few inquiries from the United States, but that’s it. No further response has been received yet,” a Chinese ferro-vanadium exporter said last week.
Chinese domestic prices of vanadium products – ferro-vanadium and vanadium nitrogen – slipped in response to lackluster demand and some panic-selling among alloy plants, according to market sources.
“Demand was quite weak this week and we have barely received…