www.ferroalloynet.com: According to the last night’s data, the European vanadium market has remained stable for half a month without any increase. European ferrovanadium price keeps at USD 34-37 /kg vanadium, converting to 50# ferrovanadium is about CNY 117,600-127,900/t.The European market price for vanadium pentoxide is USD 7-7.95/lb vanadium pentoxide, converting to 98% V2O5 is about CNY 104,600-118,800/t. The market price of American ferrovanadium is USD 17.5-18.5/lb, keeping stable.

In recent days, the domestic vanadium market has made steady progress, and the price gap with the international market has gradually widened. However, according to import and export traders, the international market has not been active enough, with deadlocked transactions, no upward momentum in price, and the export market is not active under the influence of the price gap. Besides, it’s hard to purchase vanadium pentoxide flake in China, and there is still room for improvement in the domestic market in the short term.