www.ferroalloynet.com: According to the latest European market report, the trading volume of vanadium products in the European market is significantly reduced compared with two weeks ago, and the European vanadium price and domestic vanadium price are gradually moving in parallel. As of yesterday, the price of ferrovanadium in European market was 28.0-30.05 USD/KgV, convert into 50# ferrovanadium was 98,300-105,500 Yuan/ton, compared with last Friday, it dropped about 1200 Yuan/ton. The price of European V2O5 was 6.5-7.0 USD/LB V2O5, temporarily stable, convert into V2O5 98% was 98,600-106,200 Yuan/ton; the price of ferrovanadium in United States was 13.6-14.25 USD/LB V, convert into 50# ferrovanadium was 105,300-110,300 Yuan/ton. Today’s exchange rate is USD: RMB = 7.0227:1.
According to European traders, in the period of vanadium price rising, the downstream enterprises increased purchasing power due to the concern that the price would continue to rise. Recently, after the price fell, the market demand was significantly reduced. Some traders didn’t receive the inquiry in the past week. Affected by the novel coronavirus epidemic, although the export market of China was limited and the supply to the European market was delayed, there was no shortage of supply in European market, and the epidemic also affects the activity of the European market.
www.ferroalloynet.com