European Ferrovanadium Price Has Eased According to the latest data, the high price of ferrovanadium in the European market has eased. The market price of European ferrovanadium is 31-32(↓0.4)/kg vanadium, converting to 50# ferrovanadium is about CNY 111,100-114,600(↓300)/t. The European market price for vanadium pentoxide keeps at USD 7-7.5/lb vanadium pentoxide, converting to 98% vanadium pentoxide is about CNY 108,400/t- CNY 116,100/t. The price of American ferrovanadium is stable at USD 14.75-15.5/ lb, keeping stable.

In recent days, the climate in European vanadium market is similar to that in domestic market. Quotations are firm but lack of transaction and demand has not completely returned to the market. The rising exchange rate has led to a slight loosening of the FOB price quoted by Chinese exporters. In fact, for exporters, RMB price has little fluctuation.