Global ferro-vanadium prices fell last week after Chinese ferro-vanadium exporters dropped offers amid a lack of buying interest, while European and US traders took advantage of arbitrage opportunities.
Limited buying interest dragging down Chinese ferro-vanadium export prices European ferro-vanadium prices declined on profit-taking activity US ferro-vanadium market softens amid weaker overseas markets Falling prices in Europe and low buying interest from outside China are dragging down fob China ferro-vanadium prices, but owing to low availability, the fob China vanadium pentoxide market saw a deal at higher prices. Metal Bulletin assessed fob China ferro-vanadium min 78% prices at $64-66 per kg on Thursday May 10, down from $65-69 in the prior week. "The downtrend in the European ferro-vanadium market is still adding pressure to our export business, and I lowered my offers to $65-66 [per kg] from last week's $69," one vanadium exporter told Metal Bulletin. "I got two inquiries over the past week, one from Europe and one from Japan, but no deals," a major ferro-vanadium exporter said, agreeing that it had been a quiet ferro-vanadium export market....