www.ferroalloynet.com: According to the data released yesterday, the price of vanadium products in the European market has been running steadily for the time being and has not yet fluctuated. The price of ferrovanadium in European market keeps at USD 30.15-31.10 / kg vanadium, converting to 50# ferrovanadium is about CNY 107,300-110,600/t. The European market price for vanadium pentoxide edges up to USD 7.5-8.5/lb vanadium pentoxide, temporarily stable, converting to 98% vanadium pentoxide is about CNY 115,300-130,700/t, the maximum price is lower than that in China, and the minimum price is flat with that in China. The price of American ferrovanadium keeps at USD 14.80-15.50/ lb.
Although the price of raw materials has risen, the European manufacturers are still not optimistic about the future ferrovanadium market. Some European traders believe that the future automotive industry will not be good, and the future demand for ferrovanadium will be weak. With China’s raw materials now arriving in Rotterdam, it is estimated that ferrovanadium, which is less than USD 30/ kg vanadium, will soon be available.
www.ferroalloynet.com
