www.ferroalloynet.com: European ferrovanadium price rose to USD 34.7 (↑0.7) – 37.8 (↑0.8) /kg vanadium last week, with an unstable increase. European ferrovanadium prices dropped again in the absence of a boost in demand. As of yesterday, European ferrovanadium price dropped to USD 34.45 (↓0.25) – 37.8 (↓1.8) /kg vanadium, converting to 50# ferrovanadium is about CNY 118,900 (↓1,200)-130,900 (↓6,600)/t. European market price for vanadium pentoxide is about USD 7-7.95/lb vanadium pentoxide, temporarily stable, converting to 98% V2O5 is about CNY 104,400-118,600/t. The market price of American ferrovanadium is USD 17.5-18.5/lb, keeping stable.
European market prices are weakening again and domestic market trading is sluggish. Before the steel bidding, factories prefer to take a wait-and-see stance. Some traders’ quotations have been loosened, and the future market is difficult to be optimistic.
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