Vanadium prices eased through July owing to weak downstream demand and no disruptions to supply. After trading lower through June, down from $25.85/kg at the start of the month to $25.53/kg, prices have stooped lower and sales have been made in July below the $25.00/kg level in Europe for 70-80% ferro-vanadium. This 3.7% fallis not as pronounced as seen in the US spot market. The weakening US market, where a slowdown in manufacturing activity is evident, saw prices decline 7.7% from $3*i.17/kg ($15.50/lb) to $31,531 kg ($m.30/lb). This has reduced the premium of US material to just $6.33/kg.
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