The decline in the Chinese ferro-vanadium export price came to a halt last week after finding support from a firm domestic market and improved sentiment. Meanwhile, the European ferro-vanadium market continued its downward trend amid aggressive competition among sellers.
Chinese ferro-vanadium price stabilizes on firm offersEuropean ferro-vanadium price slides again due to aggressive offersChinese V2O5 price steady; European price rolled overUS ferro-vanadium price continues descentThe export price for ferro-vanadium in China stabilized in the week ended Friday April 19, despite low levels of trading activity. Fastmarkets' assessment for the export price for ferro-vanadium, min 78%, fob China, stood at $50-54 per kg on April 18, unchanged from a week earlier, after falling by 30.7% since February 28. Chinese ferro-vanadium exporters were reluctant to cut their offers significantly last week after realizing that with the widening price spread between the domestic and European markets, it's unlikely to see any deals concluded in the export market at the time, market sources said. In addition, many Chinese ferro-vanadium exporters have been lured back to the domestic market after noticing that the domestic price has been...