European Vanadium Pentoxide Market Stays Flat
Date: Jan 25, 2019
www.ferroalloynet.com: China’s V2O5 export price rose slightly last week on January 17 against a backdrop of supply tightness in the country’s domestic market. And stay this flat at $16-16.50 per lb for V2O5 till now. And the lingering supply tightness in China’s domestic V2O5 market has promoted some consumers to turn to secure ammonium meta-vanadate, the raw material for V2O5 production.
According to some companies, usually the ferro-alloy smelters will directly buy V2O5, and since the raw materials are in short supply at the moment, they also seek to buy ammonium meta-vanadate. Besides, foreign buyers of Chinese V2O5 also showed unwillingness to accept a high price above $16.50 per lb in the past week.
