Chinese vanadium exporters lowered their offer prices over the past week due to the weakened Chinese domestic market and a lack of interest from foreign buyers. Meanwhile, the European and US markets continued their slide.
Chinese export prices slide on softer domestic prices, limited foreign buyer interestEuropean ferro-vanadium prices continue to suffer from profit-taking US ferro-vanadium market plagued by inactivity; prices follow softer European market The downtrend in the Chinese domestic and European vanadium markets continued to push fob China vanadium prices downward over the past week.Metal Bulletin's latest assessment for fob China ferro-vanadium min 78% placed it at $66-68 per kg on Thursday April 19, down from $67-70 per kg a week earlier."My offer fell further this week to $66 [per kg] for ferro-vanadium, from $67 last week, amid the pressure from both domestic and overseas markets," a major Chinese ferro-vanadium exporter said. Exports costs in China decreased after a decline of 3,000 yuan ($475) per tonne in Chinese domestic ferro-vanadium prices over the past week. Meanwhile, the weakness seen in European ferro-vanadium prices dampened Chinese exporters' confidence.Meanwhile, fob China vanadium...