European Ferrovanadium Prices Move Down

BEIJING (Asian Metal) 13 May 22 РDue to the soft demand from terminal users, European ferrovanadium 80%min inquires stayed rare during the past week and most suppliers faced huge sales pressure. Currently, the mainstream prices of European ferrovanadium 80%min stand at USD40.5-41/kg V in warehouse Rotterdam, down by USD2.5/kg V from late last week. Considering the steel mills fell deeply in the energy crisis and the weak demand continues, insiders believe that the mainstream prices of European ferrovanadium 80%min would drop further in the coming week.

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