The earlier sharp fall in the European ferro-vanadium price slowed in the week ended Friday April 5 amid stabilizing market sentiment, while the price in China continued to decline on weak demand.
The Chinese ferro-vanadium price continued to fall amid weak buying interest. The European ferro-vanadium market shows signs of stabilization; price fall slows down. Chinese and European V2O5 prices follow ferro-vanadium downtrend; correct lower amid lackluster spot demand. US ferro-vanadium price flat week on week. The export price for ferro-vanadium in China continued to trend lower due to a lack of buying interest and weak market sentiment in the latest assessment period. Fastmarkets assessed the export price for ferro-vanadium, min 78%, fob China, at $54-58.50 per kg on Thursday April 4, down 6.6% from $58-62.50 per kg the week before. The price has fallen by 18.8% from early 2019 and 58.3% from an all-time high of $130-140 per kg on October 18, 2018, according to Fastmarkets' historical data. Many Chinese ferro-vanadium exporters continued to lower their offer prices last week following the persistent drop in the international ferro-vanadium price, but...