Long-term ferro-vanadium contracts for 2021 are being signed at an average of 5-7% discounts while negotiations continue in November, market sources told Fastmarkets.

Long-term contracts for ferro-vanadium in Europe are usually settled against Fastmarkets’ European benchmark price assessment with the parties agreeing a discount to the published price to take prevailing market fundamentals into account.
Preliminary negotiations for some ferro-vanadium contracts for 2021 have started at around 4-4.5% at the midpoint of…