European ferrovanadium prices edged down for another week as buying activity remained slow, but the decline could be running out of steam, sources said Thursday.
One European trader said he was hearing more inquiries from traders at the latter end of the week indicating prices may be close to stabilizing.
"Traders are trying to buy because they think it has turned," the European trader said.
Others agreed there was a little more buying interest and the decline in prices was slowing.
A second European trader said he had bought a parcel at $30.70/kg while others said bids were being made at $30.20/kg. "People are a little more confident this week," the second European trader said.
S&P Global Platts weekly European ferrovanadium assessment on Thursday fell to $33.50-$34.50/kg basis in Rotterdam from $34-$36/kg a week ago.
