www.ferroalloynet.com: The price of vanadium pentoxide in Europe fell back from recent rise, following the trend of China. According to the data, the price in Europe for vanadium pentoxide, 98% V2O5 min, edged down last week to USD 6.80-7.50 / lb on August 16, from USD 7.00-7.50 / lb a week earlier, on concluded business and amid a slowing ferrovanadium market.
Spot market activity in Europe was slow during the week, with few sales concluded within the current price range. Market activity is expected to recover slowly from the end of August, when market participants returned from summer vacation. “A few end-users are back in the market and there are several inquiries around, but it’s still quiet,” a trader in Europe said. “There has been a lot of price checking but no-one is willing to book any business,” a second European trader added.
For ferrovanadium, as of August 16, the price of ferrovanadium, basis 78% V min, 1st grade, was USD 31.00-32.15 / kg, unchanged week-on-week. “The upward momentum in Europe stopped after prices in China moved lower this week,” a third trader in Europe said.
www.ferroalloynet.com
