www.ferroalloynet.com: According to the data released last Friday evening, the price of ferrovanadium and vanadium pentoxide fell again. As of last Friday, The price of ferrovanadium in European market has been slightly lowered to USD 20.5 (↓0.6)-22.1/kg vanadium, converting to 50# ferrovanadium is about CNY 72,400 (↓3,000)-78,100/t. The European market price for vanadium pentoxide edges down to USD 4.45 (↓0.55)-5 (↓1)/ lb vanadium pentoxide, converting to 98% vanadium pentoxide is about CNY 67,900 (↓8,400)-76,300 (↓15,300)/t. The price of American ferrovanadium keeps at USD 13-13.25/ lb, temporarily stable.

Since the price drop in the European market, the market trading is slack. Some Chinese traders have said that the quotations given by European traders are higher than the current price. However, traders in the international market say that the cost of producing V2O5 is about USD 5 / lb vanadium pentoxide and the current price is too low, which is actually unacceptable for most traders.

www.ferroalloynet.com