European Ferrovanadium Price Falls Again Amid Weakening Demand

www.ferroalloynet.com: European ferrovanadium market fell again last week following a brief upward trend the previous week as continuous weak demand pressuring the market downward. According to the statistics, as of June 21, the spot price of European ferrovanadium,basis 78% min, at USD 34.45-36 / kg, unchanged from the mid-week assessment.

“Aggressive offers for larger tonnages inquiries pushed the European prices down again, as was expected,” a trader in Europe said. “There is still quite a bit of material left in Rotterdam for prices to be supported at higher levels.”

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