European Ferrovanadium Price Edges Up Since the short-term rise in European ferrovanadium price in early August, it has entered a long and continuous decline. As of last week, the price of ferrovanadium in Europe has fallen for about three months. According to the latest data released last Friday night, European ferrovanadium price finally stops falling which raise to CNY 206,000 (↑6,000)- CNY 216,000 ( ↑1,100), converting to 50# ferrovanadium is about CNY 72,000 (↑2,000)-75,500 (↑3,800)/t, up by CNY 2,000/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 67,200-75,500/t. The price of American ferrovanadium is USD 10.15 (↓0.35)-10.50 (↓0.5)/ lb.

Similarly, the prices in domestic vanadium market has also increased slightly recently. In addition, the rising price ferrovanadium in Europe has a greater impact on the domestic market, especially on the mentality. However, we expect that the price will not rise significantly in case of weak demand.