European Ferrovanadium Price is Weak and Still Has a Price Gap With Domestic Price According to data released yesterday, European ferrovanadium price declined slightly which was USD 32.5(↓0.5)-34.25(↓0.25)/kg vanadium, converting to 50# ferrovanadium was about CNY 111,800(↓1,500)-117,800(↓6,00)/t. The European market price for vanadium pentoxide was about USD 7-7.95/lb vanadium pentoxide, temporarily stable, converting to 98% vanadium pentoxide was about CNY 104,100-118,200/t. The market price of American ferrovanadium was USD 17.5-18/lb, temporarily stable.

Domestic ferrovanadium price have also declined slightly in recent days, but it is hard to fall below CNY 125,000/t. The market price of vanadium pentoxide is strong, which has compressed the decline space of downstream alloy price, but there is still a certain gap with the international market price. Export markets are still hard to get active, and external demand is weak.