NOBLE ALLOYS MIDWEEK: Ferro-vanadium bulls hurt by weak demand, return of Chinese sellers

Date: Sep 21, 2017

European ferro-vanadium prices dipped in midweek, coming under pressure from weak consumer demand for spot material, market sources told Metal Bulletin.

Market sources were also more bearish on the outlook for ferro-vanadium prices in Europe while Chinese sellers are offering more freely in the export market, reducing their price indications in the process. Metal Bulletin assessed ferro-vanadium prices at $45-47 per kg, delivered duty-paid in Europe, on September 20, down 4.2% from the previous quotation. “There are still pockets of tightness where you could probably get a higher price but on the whole people have stock and don’t want to wait for the tenders to come in,” a trader said. After Chinese sellers expressed renewed interest in selling to the export market, more sellers have emerged in Europe, market participants added. “Consumer demand hasn’t come back in earnest in Europe so it’s really China leading the…

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