The vanadium markets in Europe and the United States retreated last week, with traders continuing to sell off inventories to protect against weakening prices in the Chinese market as well as slowing spot market demand.
Chinese ferro-vanadium, vanadium pentoxide prices fall on softer demand outside of China. European ferro-vanadium market slides on pressure from quiet spot marketEuropean V2O5 prices decline amid softening Chinese export pricesForeign weakness drives down US ferro-vanadium prices. Chinese fob China ferro-vanadium and vanadium pentoxide (V2O5) prices fell amid softening demand outside China. Metal Bulletin's latest assessment for fob China ferro-vanadium min 78% was $67-70 per kg on Thursday April 12, down from $68-70 one week ago, and the benchmark quotation for V2O5 fell to $14.50-15.60 per Ib from $14.50-15.80 in the previous week. "Demand from overseas market is softening and I lowered my offers [for ferro-vanadium] to $67 [per kg] from previous $69," one major exporter told Metal Bulletin. "No deals have been concluded...