European Vanadium Price Falls Again According to data released yesterday, European ferrovanadium price dropped to USD 36.4 (↓2.6)-38.75(↓1.36)/kg vanadium, lowered by about CNY 10,000/t compared with last Friday, and the price of 50# ferrovanadium was about CNY 123,400(↓7,900)-131,200(↓13,600)/t. The European market price for vanadium pentoxide was about USD 8.7-9.5/lb vanadium pentoxide, temporarily stable. The price of 98% vanadium pentoxide was about CNY 127,500-139,200/t. The market price of American ferrovanadium was USD 22-24/lb, keeping stable.

Recently, the domestic vanadium market price has been in decline continuously and closes to the price of international market. While the domestic ferrovanadium market price is still about CNY 20,000/t higher than the international market, and vanadium pentoxide is also about CNY 10,000/t higher. According to export traders, although there are inquiries in the international market in recent days, it is difficult to have domestic inquiries reference to MB price. The export market is basically left with the long orders of large enterprises such as Pancheng. Some traders try to import, but the domestic acceptance is low, the internal and external plate sources to their own consumption,the domestic and international vanadium market price may slightly decline in a short time.