Pressure Builds On V2O5, Ferro-vanadium Markets Amid Weak End-user Demand
European vanadium pentoxide (V2O5) and ferro-vanadium prices continued to trade under pressure on Friday June 19 due to weak end-user demand that is causing spot market liquidity to thin.
Fastmarkets assessed the vanadium pentoxide 98% V2O5 min, in-whs Rotterdam price on Friday at $5.15-6.25 per lb, down 1.7% from the previous week’s assessment of $5.35-6.25 per lb. A larger consumer inquiry pushed the market down, while a 20-tonne deal was concluded at $5.15 per lb. The range widened due to some suppliers refusing to lower their offers further.
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