European Vanadium Market Is Quiet Due To The Christmas Holiday Yesterday’s Christmas holiday was celebrated in Europe. The vanadium market was basically stagnant. The price remained unchanged and waiting for the market. The price of European ferrovanadium was 22.0-22.5 USD/KgV, temporarily stable, convert into 50# ferrovanadium was 77,000-78,600 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 80,500-82,800 Yuan/ton. Today’s exchange rate is USD: RMB = 6.9894:1.
At present, the domestic vanadium market is also in a low stalemate operation, and the prices of raw materials and alloy ends have no significant fluctuation. After the resumption of the European vanadium market, the Chinese market is not far from the Spring Festival holiday, and the price is still difficult to push forward in the pre Festival procurement boom. It is expected that the domestic and international vanadium market will maintain stable operation in the future.