www.ferroalloynet.com: European vanadium market price has not edge up again this week after a slight rise last week. The latest data shows that the latest European ferrovanadium price is USD 34 (↓0.8) – 37 (↑0.5) /kg vanadium, converting to 50# ferrovanadium is about CNY 117,400 (↓2,900)-127,800 (↑1,600)/t. This is the second time that the price of European vanadium has risen and fallen simultaneously since it stopped falling and the market is chaotic. The European market price for vanadium pentoxide is about USD 7-7.95/lb vanadium pentoxide, converting to 98% V2O5 is about CNY 104,500-118,700/t. The market price of American ferrovanadium is USD 18.5-19.5/lb, keeping stable.

Recently, the domestic vanadium market has been active. Compared with the international market, the price has also started to pull out a small gap. The transaction price of domestic ferrovanadium market is around CNY 128,000/t, which is the same as the highest price of international market. The price of 98% vanadium pentoxide flake in China has exceeded CNY 120,000/t, which is also significantly higher than the international market price and export market may be affected by that and reduce volume. Nevertheless, the domestic stock of vanadium pentoxide is on the tight side at present. Controlling exports may also help to stabilize the vanadium price in the international market.

www.ferroalloynet.com