The Chinese ferro-vanadium export price fell for the sixth consecutive week over the past seven days, although the pace of that decline has slowed on the backdrop of a comparatively stable domestic market.
Fastmarkets’ price assessment for ferro-vanadium, fob China, fell to $68.50-70 per kg on Thursday December 27, down 4.5% from $70-75 per kg in the prior week and down 48.7% from the historical high of $130-140 per kg reached on October 18. Most Chinese exporters offered at around $70 per kg in the pricing week despite thin inquiries from overseas, where most market participants are still on break for the end-of-year holidays, Fastmarkets understands. The Chinese domestic ferro-vanadium market has showed signs of stabilizing this past week, due to sellers’ resistance to surrender further on the offer prices after noticing that...