www.ferroalloynet.com: Affected by Easter holidays, the international market trading is light and the transaction price continues to drop. According to data released yesterday, European ferrovanadium price was USD 41.5 (↓2) -43.5 (↓1)/kg vanadium, and the price of 50# ferrovanadium was about CNY 139,500-146,200/t, which was about CNY 4,250/t lower than last Wednesday. The European market price for vanadium pentoxide was about USD 10-11/lb vanadium pentoxide, temporarily stable. The price of 98% vanadium pentoxide was about CNY 145,200-159,700/t. The market price of American ferrovanadium was USD 25-26.5/lb, keeping stable.
Although domestic market also shows weakness recently, there are still transaction price of less than CNY 170,000/t, with the price difference of CNY 30,000/t comparing with that of international market. Some traders are looking for import opportunities, but only Taiwan, north Korea and other places are more active in importing from Europe and other sea imports. Domestic buyers have said that the acceptance of nearly a month is not high, because the domestic vanadium market changes rapidly, there are certain risks.
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