Global vanadium prices largely remained firm despite a slowdown in trading activity during the summer holidays in Europe and the United States.
Chinese export activity sees slow trading amid European summer holidays European vanadium market stalls on summer slowdown US ferro-vanadium market dormant, limited to small-volume transactionsThe Chinese vanadium export market was quiet last week, marked by slow trading on major export market Europe being away for the summer holidays, amid the usual seasonal slowdown, sources said. Still, prices logged an uptick on short supply in China and healthy domestic demand.
Metal Bulletin's latest assessment for the fob China ferro-vanadium min 78% price was $80-83 per kg on Thursday July 26, up $1 on the low end from $79-83 in the week prior.
"There are not that many export cargoes now from China, as the authorities have deemed it a hazardous material. But prices will stay stable or rise as China doesn't have much supply now," a trader said.
Offers were around $85 per kg while tradable levels...