European Vanadium Prices Remained Stable Temporarily, US Ferrovanadium Rose Slightly
www.ferroalloynet.com: 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.
www.ferroalloynet.com
