European ferrovanadium prices edged down over the week, with slow trade and a lack of buying interest reported by market participants.
Offers were heard at $57/kg but no sales concluded. "There is no business but it's not going down," a European trader said.
Others agreed that prices were fairly sticky due to the lack of prompt material available in Rotterdam. A second European trader said he was not expecting to see prices fall under $50/kg.
"Prices went up too quickly now everybody knows it's going down," a third European trader said of the lack of interest in buying.
S&P Global Platts assessed its weekly European ferrovanadium price on Thursday at $57-$58/kg compared with $57-$59/kg a week earlier.
