European ferrovanadium prices have fallen this week, with sources saying tight supply was not supporting prices given demand was soft.
S&P Global Platts assessed its weekly European ferrovanadium price on Thursday at $24.70-$25.30/kg, down from $25-$25.50/kg.
One European trader said he had not heard many offers from producers and "trade seems to be driving the market".
Others agreed, adding that higher offer prices from China were failing to halt cheap trader offers and transactions in Europe.
Trade was reported at the end of the week at $24.70/kg and $25/kg duty-paid in Europe. With no big consumer tenders heard in the market over the week, market sources said slow demand was seeing traders accept low prices.
A second European trader said he had offered $25/kg on Thursday but had not heard anything back indicating a lack of buying enthusiasm.
