BEIJING (Asian Metal) 26 May 23 – In view of the soft demand from terminal users, European ferrovanadium 80%min suppliers preferred to watch the market and the market mentality stayed negative over the past week. At present, the mainstream prices of European ferrovanadium 80%min stay at USD32-32.5/kg V in warehouse Rotterdam, unchanged from late last week. Considering that the sufficient supply in spot market continues, insiders believe that the mainstream prices of European ferrovanadium 80%min would edge down in the coming week.
“Terminal users all prefer to watch the market now, so we could hardly increase our price. For firm bids of ferrovanadium 80%min, we could possibly accept price no less than USD32/kg V in warehouse Rotterdam now,” said a trader in Middle Europe. They last sold 10t at this price early last week. Prices of vanadium pentoxide flake 98%min they inquired also dropped to the latest around USD7.5/lb V2O5 in warehouse Rotterdam. Considering that they could easily feel the negative mentality, they predict that the mainstream prices of European ferrovanadium 80%min would move down slightly in the coming week.
Please visit for more information https://www.asianmetal.com/news/1943935/European-ferrovanadium-prices-soft/14
