www.ferroalloynet.com: According to the latest data yesterday, the high price of ferrovanadium in the European market edged down slightly, while the low price remained at USD 20.5/ kg vanadium for the time being. Compared with last week, the price declined slowly. As of yesterday, the market price of European ferrovanadium has fallen to USD 20.5-21(↓1.1)/kg vanadium, converting to 50# ferrovanadium is about CNY 72,300-74,100(↓4,000)/t. The European market price for vanadium pentoxide is USD 4.45-5/lb vanadium pentoxide, keeping stable, converting to 98% vanadium pentoxide is about CNY 67,800-76,200/t. The price of American ferrovanadium is USD 12-12.5/ lb, temporarily stable. Today, the exchange rate is USD 1 = 7.0455 yuan.
At present, the decline is expected to slow down since domestic large plants have determined price. The European market price basically falls to the cost price of manufacturers, and there is little room for further decline.
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