www.ferroalloynet.com: As of last Friday, vanadium price in European market continued to fall, and the price of ferrovanadium fell to 24.10-25.0 USD/KgV, convert into 50# ferrovanadium RMB price was 85,900-89,100 Yuan/ton. The price of European V2O5 declined to 5.5-6.0 USD/LB V2O5, convert into V2O5 98% RMB price was 84,700-92,400 Yuan/ton; the price of ferrovanadium in United States was 9.95-10.25 USD/LB V, convert into 50# ferrovanadium RMB price was 78,200-80,600 Yuan/ton.
From the current market, although the price of vanadium in the external market has fallen and the price is mostly lower than that in China, the inflow of foreign vanadium resources into China caused by price difference cannot be realized in a short period of time. Therefore, although the price of vanadium in the foreign market has fallen, the domestic enthusiasm is hard to extinguish.
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