www.ferroalloynet.com: According to the data, as of September 6, the price of ferrovanadium basis 78% V min, was at USD 30.15-31.10 / kg, down from the mid-week assessment of USD 30.60-31.10 / kg, when prices had retreated to that level from USD 30.80-32 / kg. European ferrovanadium prices resumed their downward trend last week amid a slowdown in spot activity and thin buying interest.

The “demand outlook is looking weak going forward with the automotive industry not doing great,” a trader in Europe said. “There are few inquiries around but the tonnages are small,” a second trader in Europe said. “Prices in China are weakening as well. It will be possible to buy below USD 30 / kg soon with Chinese material now arriving in Rotterdam,” the first trader said.

www.ferroalloynet.com