www.ferroalloynet.com: According to the data released last Friday evening, the price of vanadium products in European market once has been chaotic again. The price of ferrovanadium in European market has been lowered to USD 30.15(↓0.45)-31.10 / kg vanadium, converting to 50# ferrovanadium is about CNY 107,300(↓2,000)-110,700/t. The European market price for vanadium pentoxide edges up to USD 7.5(↑0.25)-8.5(↑0.25)/lb vanadium pentoxide, converting to 98% vanadium pentoxide is about CNY 115,300(↑3,300)-130,700(↑3,300)/t. The price of American ferrovanadium keeps at USD 14.80-15.50/ lb.
At present, the market demand of vanadium alloys in Europe has not been boosted and domestic raw material prices are also undesirable in recent days. Bulk prices are gradually decreasing, and it is expected that the domestic market will remain weak and stable in the future, while vanadium alloy prices in the European market will gradually stop falling with the increase of raw material prices.
www.ferroalloynet.com
