www.ferroalloynet.com: According to the data released last Friday, the prices of European ferrovanadium, vanadium pentoxide and American ferrovanadium have increased slightly. As of last Friday, European ferrovanadium price is USD 31-32.4(↑0.25) / kg vanadium, converting to 50# ferrovanadium is about CNY 109,900-114,900(↑1,400)/t. The European market price for vanadium pentoxide edges up to USD 7(↑0.2)-7.5/lb vanadium pentoxide, converting to 98% vanadium pentoxide is about CNY 107,300(↑3,500)-114,900/t. The price of American ferrovanadium climbs up to USD 14.75-15.50(↑0.25)/ lb.
By the end of the month, trading activities in the European vanadium market have been gradually improved. Increased supply and procurement have made it difficult to make deals at low prices. The overall market climate and price trend are similar to those of the domestic market. It is expected that there will be no big increase in the future market. The overall trend is mainly stable and firm.
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