The Trading In European Ferrovanadium Market Is Light And The Price Drops Again According to the latest data released yesterday, the price of ferrovanadium in European market has been slightly lowered to USD 25(↓1)-26 (↓1)/ kg vanadium, converting to 50# ferrovanadium is about CNY 89,100(↓3,600)-92,700(↓3,600)/t. The European market price for vanadium pentoxide is USD 6.10-7.15/lb vanadium pentoxide, keeping stable, converting to 98% vanadium pentoxide is about CNY 94,000-110,200/t. The price of American ferrovanadium is USD 13.75-14.5/ lb, temporarily stable.

According to the market transaction data, the recent transactions in the European market are mainly small tons. The high price of USD 26/kg vanadium and above comes from the retail orders of 3-5 tons, while the inquiry of 10-20 tons causes many competing quotations, and the transaction price is about USD 25-25.8/kg vanadium. The price of domestic vanadium is far behind that in international market, and the imported vanadium resources have more possibilities to influence domestic vanadium market.