www.ferroalloynet.com: According to the latest data last night, the price of ferrovanadium in European market has been lowered to USD 28(↓0.4)-29 (↓0.2)/ kg vanadium, converting to 50# ferrovanadium is about CNY 99,800(↓900)-103,400(↓100)/t. The European market price for vanadium pentoxide is USD 6.45-7.5/lb vanadium pentoxide, keeping stable, converting to 98% vanadium pentoxide is about CNY 99,400-115,600/t. The price of American ferrovanadium is USD 14.35-15/ lb.
The price of ferrovanadium in the European market has slowed down, but its weakness remains unchanged. Yesterday’s price has edges down slightly and the exchange rate has climbed steadily in recent days. Therefore, compared with the RMB, there is little change. The export market of ferrovanadium is almost stagnant, and the export of Pangang 80# ferrovanadium is also affected. Many domestic traders are still concerned about the import market. According to the current situation, there is still room for profit.
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