European Vanadium Prices Remained Stable Temporarily, US Ferrovanadium Rose Slightly As of last Friday (August 21), the price of ferrovanadium in European market was flat compared with that of last Wednesday. The price of ferrovanadium remained at 24.8-25.3 USD/KgV, convert into 50# ferrovanadium RMB price was 85,700-87,400 Yuan/ton. The price of European V2O5 maintained at 5.1-5.6 USD/LB V2O5, convert into V2O5 98% RMB price was 76,100-83,600 Yuan/ton; the price of ferrovanadium in United States rose to 9.8-10.7 USD/LB V, convert into 50# ferrovanadium RMB price was 74,700-81,500 Yuan/ton, which was nearly 3800 Yuan/ton higher than last Wednesday.

At present, although the price of European market rises slowly, the firm trend remains unchanged, and the domestic market is in a slightly weak adjustment. In the short term, the price difference between domestic and foreign vanadium prices will be further narrowed.