The differential between the Chinese and European ferro-vanadium prices has continued to widen since the beginning of March, with European demand lagging behind and prices in Europe now trading at its lowest level since November 2017.
Currently, the price gap between the Chinese and European markets has widened to around $8.50-11 per kg, according to Fastmarkets data.The most recent Fastmarkets MB's weekly export price assessment for ferro-vanadium, min 78%, fob China, was $50-54 per kg on April 25, flat week on week.While Fastmarkets MB price assessment for ferro-vanadium, 78% min, delivered duty-paid in Europe stood at $41.50-43 per kg on May 1, unchanged from the previous assessment.At the beginning of March, Fastmarkets MB's weekly export price assessment for ferro-vanadium, min 78%, fob China, stood at $73-76 per kg, while Fastmarkets MB's twice-weekly price assessment for ferro-vanadium, 78% min, delivered duty-paid in Europe, was $75-76 per kg.The constantly widening price disparity between the Chinese and European markets has made it difficult to sell material in the Chinese export market, market sources in China told Fastmarkets. There is some resistance from suppliers in China to export their material...