European Ferrovanadium Price Falls Sharply According to the latest data yesterday, the price decline in European ferrovanadium has enlarged, while the price of V205 has not been adjusted yet. As of yesterday, the price of European ferrovanadium has fallen to USD 21.1(↓1.9)-22.1(↓2.4)/kg vanadium, converting to 50# ferrovanadium is about CNY 75,400(↓6,000)-78,100(↓8,600)/t, dropping CNY 7,300/t compared with last Friday. The European market price for vanadium pentoxide is USD 5-6/lb vanadium pentoxide, keeping stable, converting to 98% vanadium pentoxide is about CNY 76,300-91,600/t. The price of American ferrovanadium is USD 13-13.25/ lb, temporarily stable.

At present, both domestic and international vanadium markets are in a downward trend. The number of orders traded in the European market is basically about 10 tons, while the domestic price of ferrovanadium has gradually increased in recent two days. At present, the domestic vanadium price has been falling, and it is reported that a small part of imported low-priced ferrovanadium will soon enter the Chinese market.