www.ferroalloynet.com: On Sep 11th, the high transaction price of ferrovanadium in Europe continued to decline slightly, while vanadium pentoxide remained stable for a long time. As of last Friday, the price of ferrovanadium in the European market was slightly reduced to 24.45-25.4 USD/kgV, with a decrease of 0.125 USD/kgV, convert into 50# ferrovanadium RMB price was 83,600-86,900 Yuan/ton. The price of European V2O5 maintained at 5.1-5.6 USD/LB V2O5, convert into V2O5 98% RMB price was 75,400-82,700 Yuan/ton; the price of ferrovanadium in United States was 10-10.5 USD/LB V, convert into 50# ferrovanadium RMB price was 75,400-79,200 Yuan/ton.
At present, the trend of vanadium price in the international market is similar to that in China, with weak stability and small downward trend, and there is less transaction activity in the international market. Of course, since the domestic market price has gone down, the willingness to accept futures with long shipping date has been greatly reduced, which has also led to traders not daring to purchase from the international market easily. As a result, China’s foreign inquiry has decreased, which has a significant impact on the price trend of the international market, so the price in the bulk market has weakened accordingly.
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