Ferrovanadium Prices in Europe And America Fall Slightly

www.ferroalloynet.com: According to the data released last Friday evening, ferrovanadium prices in Europe and America fall slightly again. The price of ferrovanadium in European market has been lowered to USD 29.75(↓0.4)-31(↓0.1) / kg vanadium, converting to 50# ferrovanadium is about CNY 105,200(↓2,100)-110,000(↓600)/t. The European market price for vanadium pentoxide is USD 7.5-8.5/lb vanadium pentoxide, keeping stable, converting to 98% vanadium pentoxide is about CNY 114,600(↓1,500)-155,000/t. The price of American ferrovanadium is USD 14.65(↓0.15)-15.5/ lb.

According to the current European market, the price trend is in line with the pessimistic forecast of local traders for the future market. The market demand for vanadium alloys is still weak. For raw materials, due to the reduction of the V2O5 price gap between domestic and international markets, the trading is sluggish. Ferrovanadium manufacturers have lost money for a long time, and the possibility of further price decline is also small. It is expected that the future market will be stable in the short term, with limited fluctuation.