European FeV Price Continue To Decrease Slightly According to yesterday’s market price, the European market has been in a weak position recently, and the price has declined slightly. Until yesterday, the price of European ferrovanadium was 22.0-22.5 USD/KgV, convert into 50# ferrovanadium was 77,000-78,800 Yuan/ton; the price of European V2O5 was 4.9-5.75USD/LB V2O5, temporarily stable, convert into V2O5 98% was 74,000-87,000 Yuan/ton; the price of ferrovanadium in United States was 10.45-10.75 USD/LB V, temporarily stable, convert into 50# ferrovanadium was 80,700-83,000 Yuan/ton. Today’s exchange rate is USD: RMB = 7.0031:1.

According to the reaction of European traders, in recent days, the trading of vanadium products in European market is not active enough, the market price is stagnant and weak, and the market performance is similar to that in domestic vanadium market. If we purchase and import according to the average price in European market, plus the tariff value-added tax, the cost of goods will reach 92,000 yuan / ton, while the low cash price in domestic market has fallen below 100,000 yuan / ton, so it is difficult to be optimistic in the future. For domestic buyers, their willingness to purchase the future goods of ferrovanadium is relatively low. The average price of vanadium pentoxide in European market is 80,500 yuan / ton, if to import, then plus the tax, the price will be around 95,000 Yuan/ton, while the lowest price quoted from domestic suppliers is around 93,000 Yuan/ton, Therefore, at present, there is no advantage in import.