China exported about 344 tonnes of ferro-vanadium (basis 75% vanadium) in April, marking a decrease of 28% month on month and 53.5% year on year, according to official, but unconfirmed, data seen by Fastmarkets MB.
The drop in ferro-vanadium export volumes in April was said to be due to a lack of buying interest from the ex-China market due to the wide price gap between the Chinese and European markets during the month, according to market participants.Fastmarkets MB's weekly export price assessment for ferro-vanadium, min 78%, fob China, averaged $53.06 per kg in April, while the twice-weekly assessment for ferro-vanadium, 78% min, delivered duty-paid in Europe averaged $46 per kg over the same month. "We had barely received any inquiries [for ferro-vanadium] from abroad since April because the price difference between both markets was too wide with...