www.ferroalloynet.com: According to the latest data released , the prices of vanadium remain stable. Recently, the price of European ferrovanadium keeps at USD 23-23.8/kg vanadium, converting to 50# ferrovanadium is about 80,800-836,000yuan/ton.The European market price for vanadium pentoxide is USD 4.80-5.75/lb, converting to 98% vanadium pentoxide is about 72,900-87,300 yuan /ton. The price of American ferrovanadium is USD 10.75-11/ lb,temporarily stable, converting to 50# ferrovanadium is about 83,300-85,200 yuan/ton. Today’s exchange rate is USD: RMB = 7.028:1.
Although the price of vanadium in the international market has not fluctuated yet, according to the response of traders in the European market, the weak demand has not changed. The European vanadium market is greatly affected by the Chinese market.
www.ferroalloynet.com
