A drop of more than 20% in China’s exports of ferro-vanadium in 2019 reflects a shrinking of buying interest because the domestic price was much more favorable than its European counterpart for the most of last year, market participants said.China exported around 4,902 tonnes of ferro-vanadium (basis 75% vanadium), down by 20.2% from 6,142 tonnes in 2018, according to official but unconfirmed data seen by Fastmarkets.
Fastmarkets’ assessment of the price of ferro-vanadium, 78% V min, fob China averaged $45.50 per kg in 2019 while the average price of Fastmarkets’ assessment of ferro-vanadium basis…
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