www.ferroalloynet.com: According to the data, the price of ferrovanadium was USD 36.40-USD 38.75/ kg on May 8, down from USD 39-USD 43/ kg assessed last week. European ferrovanadium prices have fallen more than 60% from last year’s all-time high of USD 126-USD 128/ kg. While European vanadium pentoxide prices also fell last week, down 7.1% from USD 8.70-USD 9.50 a pound on May 10 to USD 7.90-USD 9 a pound on May 10.
The key reason for this dropping is due to the positive quotation from the supplier. Meanwhile, a large-tonnage inquiry from a consumer in Europe had prompted aggressive offers from suppliers willing to offload their stocks. As for European vanadium pentoxide, it has largely tracked the downward trend in ferrovanadium market since early march.
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