European Ferrovanadium Price Rose Slightly and Domestic Market Was Calm According to data released yesterday, European ferrovanadium price rose slightly which was USD 34.70(↑0.7)-37.80(↑0.8)/kg vanadium, converting to 50# ferrovanadium was about CNY 120,100(↑2,500)-130,900(↑30,00)/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 104,700-118,900/t. The market price of American ferrovanadium was USD 17.5-18.5/lb, keeping stable.

After a period of hesitation, international market prices are moving forward slowly, and there is still a certain gap between domestic market prices and international market prices. At present, the domestic price of 50# ferrovanadium is about CNY 135,000/t, and the market price of bulk vanadium pentoxide is up to CNY 128,000/t. The price difference between ferrovanadium and vanadium pentoxide and the international market price is no less than CNY 10,000/t. However, the domestic ferrovanadium market has been calm and stable in recent days, with good transactions. There is still room for an increase in the market price of vanadium-nitrogen alloy, and the quotation continues to rise.