The rise in Chinese ferro-vanadium prices continued to be the principal driver for the European market in the week ended Friday July 26, pushing prices above $30 per kg.
Chinese, European ferro-vanadium prices continue to climb on improved sentiment V2O5 price in China moves up 3.1% amid tightness, but Europe lags behind US prices unchanged on quiet spot market.Despite the lack of transactions, the export price for ferro-vanadium in China continued its upward trajectory in the latest assessment on July 25, following the trend in the domestic market.Fastmarkets' assessment of the export price for ferro-vanadium, 78% V min, fob China, was $36-38 per kg on July 25, up by 2.8% from $35-37 per kg in the previous week.Many Chinese ferro-vanadium exporters showed little interest in offering on the export market over the past week, with sparse buying interest from abroad and the Chinese price being more favorable than its European counterpart."There were few inquiries from abroad this week, but even if there are some, we will not give any offers because it's meaningless to do so amid the...