www.ferroalloynet.com: According to data released Friday night, European ferrovanadium price continued to fall, which was USD 33(↓1.2)-34.50(↓1)/kg vanadium, converting to 50# ferrovanadium was about CNY 113,300(↑4,300)-118,400(↑3,700)/t. The European market price for vanadium pentoxide was about USD 7-7.95/lb vanadium pentoxide, temporarily stable, converting to 98% vanadium pentoxide was about CNY 103,800-117,900/t. The market price of American ferrovanadium was USD 17.5-18/lb, keeping stable.
The domestic ferrovanadium market has also been weak, and the manufacturers’ quotation sticks to CNY 130,000/t, while the actual transaction price is about CNY 127,000/t by cash. There are still some low prices in bulk market. At present, the price of domestic bulk V2O5 flake has been reduced rapidly, but the total volume is not much. If large factories do not adjust the price, there is little room for the price of downstream alloys to be lowered.
www.ferroalloynet.com
