www.ferroalloynet.com: According to the latest data released last Friday, the prices of ferrovanadium and V2O5 have stopped falling which remain stable since last Wednesday, but demand has not improved. As of last Friday, the price of European ferrovanadium keeps at USD 20.5-21/kg vanadium, converting to 50# ferrovanadium is about CNY 72,100-73,900/t. Due to the change of exchange rate, the RMB price has decreased by CNY 200/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 67,600-76,000/t. The price of American ferrovanadium drops again, which is USD 10.5(↓1.5)-11(↓1.5)/ lb.
At present, vanadium prices in European market has been at a low level, and there is still a large price difference with that in China. Although vanadium prices in Europe were temporarily stable last week, the trading volume did not increase. The future market is expected to be stable, while the domestic vanadium market has not stopped falling. The price gap between domestic and international markets is still narrowing.
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