Research

Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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December 2018 | Steel Raw Materials


Strong fundamentals will continue to rule Chinese vanadium market: Ferro-alloy Market Analysis


Sluggish demand from consumers and traders in the steel sector keeps European ferro-molybdenum prices suppressed although molybdenum oxide prices climb.

Vanadium prices see a slight downswing although fundamentals remain supportive. The upward rally in ferro-vanadium prices is retreating, although marginally, amid a lull in consumer buying and hesitance to purchasing at high levels. Export prices for Chinese ferro-vanadium recorded second drop in the last two weeks to settle down at $119-127.5 per kg on November 29, after retaining long-term highs of $130-140 per kg since mid-October. Weakening Chinese domestic vanadium market over the past two weeks has made export offers easier with European ferro-vanadium prices dropping to $121.5-126 per kg last week, as against 13-year highs of $126-128...

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