The European and Chinese vanadium markets weakened again in the week to Friday June 28 because of subdued summer demand and low spot liquidity.
China export ferro-vanadium price nudges down amid weakness in domestic, European marketsEuropean ferro-vanadium continues to fall amid limited spot activityEuropean, Chinese V2O5 prices mostly unchanged; spot activity remains scarceUS market flat amid inactivityExport prices for ferro-vanadium in China nudged down this past week in response to signs of weakness both in the domestic and the European marketsFastmarkets' assessment of the export price for ferro-vanadium, min 78%, fob China, widened downward to $34.50-37 per kg on June 27, down from $35-37 per kg a week earlier.The Chinese export market for ferro-vanadium was lackluster last week with few deals reportedly concluded within the pricing period as of June 27. "This is because the Chinese ferro-vanadium price has still been higher than its European counterpart and overseas demand has subsided with summer coming," a market source in China said."We barely receive any inquiries from abroad this...