The Chinese and European ferro-vanadium markets continued their downward trends last week amid sluggish demand, Fastmarkets heard on Monday March 18.
Chinese ferro-vanadium, pentoxide markets soften on lack of buying appetite Aggressive offers in Europe continue to push ferro-vanadium market down European pentoxide market softens on weak demand Poor trading in US ferro-vanadium market.The Chinese ferro-vanadium export price continued to soften over the past week amid thin inquiries from abroad and weakened market sentiment domestically.Fastmarkets' assessment of the export price for ferro-vanadium, min 78%, fob China, was $68-72 per kg on March 14, down by 6.0% from $73-76 per kg a week earlier.Chinese ferro-vanadium exporters lowered their offer prices in response to the fall in the European market, and in an attempt to attract buying appetite from abroad, market sources said."We originally offered [material for sale] at around $73 per kg earlier this week but then adjusted our price [downward] to $71 per kg after noticing a drop in the international market," a Chinese ferro-vanadium exporter told Fastmarkets. "Even at...