Fev Prices In Europe Continue To Decline Slightly

www.ferroalloynet.com: According to the market report, the price of ferrovanadium in the European market continues to decline slightly. As of yesterday, the price of ferrovanadium in European market was 25.5-26.5 USD/KgV, convert into 50# ferrovanadium was 88,700-92,200 Yuan/ton. The price of European V2O5 was 5.80-7.10 USD/LB V2O5, temporarily stable, convert into V2O5 98% was 87,200-106,800 Yuan/ton; the price of ferrovanadium in United States was 13.5-13.75 USD/LB V, convert into 50# ferrovanadium was 103,600-105,500 Yuan/ton. Today’s exchange rate is USD: RMB = 6.9600:1.

In the past week, the trading situation in European market is not good. There are few actual trading orders in the market. A small amount of FeV trading is also within 10 tons. There is less liquidity flow in the V205 market. Trading activities and prices are also messy. Some low price of V205 trading is around 5 USD/LB V2O5, but there are also a small number trading prices between 6-7 USD/LB V2O5. The market price gap is large, but the overall trend is negative.

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