European Vanadium Price Keeps Stable Temporarily According to last Friday’s market price,the transaction prices of ferrovanadium and V205 in Europe have remained stable for the time being. Until last Friday, the price of European ferrovanadium was 22.0-22.5 USD/KgV, temporarily stable, 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 74,000-87,100 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 = 7.0084:1.
At present, the domestic market is also under weak stability situation , the trend is parallel to the international market, the import activity is reduced, the domestic and international vanadium market demand is weak, and the future market is still not optimistic in a short time.