www.ferroalloynet.com: As of June 28, basis 78% min, delivered Europe, down from the mid-week assessment of USD 34.20-35.50 / kg to USD 33-34.50 / kg. European ferrovanadium prices fell again last week under pressure from weak demand and a slowing spot market.

“There is a lot of price checking going on at the moment,” a trader in Europe said. “People are pessimistic about the macroeconomic view and there is still quite a lot of material around in Europe.”

“There is just no interest to do anything right now,” a second European trader said. “It’s painfully quiet.”