European ferrovandium prices narrow, upside limited

European ferrovanadium prices consolidated on the week as market participants reported deals at higher levels, although demand was not as buoyant as expected for January.

"It's really slow and we've had no big consumers out looking for material," one European trader said.

Others said they were seeing inter-trade interest for small lots and offers were getting higher. A producer said he was offering $26/kg although he had not yet seen deals at this level.

Other trades were reported at $24.80/kg in Rotterdam as well as $25/kg and $25.10/kg.

"It's either side of $25/kg really," a second trader said. Market participants agreed that until there was less inter-trade business and profit taking deal levels would not reach $26/kg.

S&P Global Platts assessed its weekly European ferrovanadium price Thursday at $24.80-$25.10/kg from $24.30-$25/kg a week ago.