European Ferrovanadium Price Falls Slightly and Domestic Market is Strong According to data released yesterday, the high price of European ferrovanadium lowered again. Up to now, European ferrovanadium price is USD 29-30(↓1.5)/ kg vanadium, converting to 50# ferrovanadium is about CNY 99,700/t-CNY 103,100(↓5,300)/t, with the price difference of CNY 20,000/t compared to the domestic price. The European market price for vanadium pentoxide is about USD 6.2-6.7/lb vanadium pentoxide, temporarily stable, converting to 98% vanadium pentoxide is about CNY 92,100/t-CNY 99,500/t, and the price difference with the domestic market is about CNY 20,000/t. The market price of American ferrovanadium keeps at USD 16.5 -17/lb, keeping stable.

The international market is in the traditional off-season of summer break, so the price of vanadium falls again and again. Although the domestic market is influenced by the international market, it also has some independence. The price changes are mainly affected by domestic supply and demand. At present, the domestic V2O5 flake price has slightly edged up, and the bulk quotation is as high as CNY 128,000/t. The ferrovanadium market is relatively stable, and the transaction price is almost equal to that of bulk V2O5 flake.