www.ferroalloynet.com: According to the latest data released yesterday, the price of ferrovanadium in European market has been slightly lowered to USD 25(↓1)-26 (↓1)/ kg vanadium, converting to 50# ferrovanadium is about CNY 89,100(↓3,600)-92,700(↓3,600)/t. The European market price for vanadium pentoxide is USD 6.10-7.15/lb vanadium pentoxide, keeping stable, converting to 98% vanadium pentoxide is about CNY 94,000-110,200/t. The price of American ferrovanadium is USD 13.75-14.5/ lb, temporarily stable.
According to the market transaction data, the recent transactions in the European market are mainly small tons. The high price of USD 26/kg vanadium and above comes from the retail orders of 3-5 tons, while the inquiry of 10-20 tons causes many competing quotations, and the transaction price is about USD 25-25.8/kg vanadium. The price of domestic vanadium is far behind that in international market, and the imported vanadium resources have more possibilities to influence domestic vanadium market.
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