www.ferroalloynet.com: According to the data released last Friday, the prices of European ferrovanadium kept weakening, while the price of vanadium pentoxide showed a significant upward trend. As of last Friday, European ferrovanadium price is USD 30.8(↓0.2)-32/ kg vanadium, converting to 50# ferrovanadium is about CNY 110,200-114,500(↓9,000) /t. The European market price for vanadium pentoxide edges up to USD 7.25(↑0.25)-8.25(↑0.75)/lb vanadium pentoxide, converting to 98% vanadium pentoxide is about CNY 112,100-127,600/t, up by CNY 7,000/t. The price of American ferrovanadium keeps at USD 14.80(↑0.05)-15.50/ lb.
The price of raw materials is strong in the international market. After the end of summer, the market trading gets improved, but the trading in downstream alloy market has not yet recovered. Therefore, the price of vanadium is chaotic. Supported by raw material prices, it is expected that ferrovanadium will continue to decline in future market, while the price of vanadium pentoxide will has a slight adjustment after the price rise.
At the beginning of the week, the domestic vanadium market adjust slightly in the absence of steel bidding guidance. Up to now, there is no high-priced transaction. It is expected that the prices will increase slightly in the future market, but it will be more difficult to rise steadily.
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