www.ferroalloynet.com: According to the data released last Friday, European ferrovanadium price was USD 32.15(↓0.35)-36(↑1)/kg vanadium, and the price of 50# ferrovanadium was about CNY 110,900(↓1,300)-124,200(↑3,400)/t. The European market price for vanadium pentoxide was about USD 7.0(↓0.2)-7.95(↑0.45)/lb vanadium pentoxide. The price of 98% vanadium pentoxide was about CNY 104,300(↓3,100)-118,500(↑6,600)/t. The market price of American ferrovanadium was USD 18.5(↓2.5)-19.5(↓2.5)/lb, also fell.
With the recent slowdown of domestic and international vanadium prices, the latest fluctuations in international vanadium prices may indicate that the market is in a period of adjustment. There is little room for a fall and some signs of a rebound, which is good news for the long-term declining vanadium market. The domestic vanadium market is still under steel bidding pressure, and the decline of domestic vanadium price is expected to continue to slow down.
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