Date: Oct 06, 2017
Ferro-vanadium prices continued to come under pressure this week, as opportunistic market participants – who entered the market during the summer rally – sought to liquidate their positions.
Metal Bulletin assessed ferro-vanadium prices at $37-38.40 per kg, delivered duty-paid in Europe, on Wednesday October 4, down 5.2% compared with $38.50-41 on September 29. “I’m keeping my hand out of the game. [Opportunistic] traders are selling and I don’t want to put more pressure on the market [by selling cheaply],” a producer source said. European ferro-vanadium prices rallied 83% between July 14 and September 8, according to Metal Bulletin data, as environmental checks tightened China’s vanadium market, sending global prices soaring. The pace of the rally has left the market vulnerable to profit-taking, particularly since halted Chinese production came back on stream…
