Ferrovanadium In Europe Fell More Sharply

www.ferroalloynet.com: According to the market report, the price of ferrovanadium in the European market continues to decline, and the recent decline has expanded. As of yesterday, the price of ferrovanadium in European market was 26.0-27.0 USD/KgV, convert into 50# ferrovanadium was 90,000-93,500 Yuan/ton, compared with last Friday, it dropped about 8600 Yuan/ton. The price of European V2O5 was 6.5-7.25 USD/LB V2O5, temporarily stable, convert into V2O5 98% was 97,300-108,500 Yuan/ton; the price of ferrovanadium in United States was 13.6-14.0 USD/LB V, convert into 50# ferrovanadium was 103,800-106,900 Yuan/ton. Today’s exchange rate is USD: RMB = 69363:1.
According to market participants, the spot liquidity of V205 in the west is very low, the actual transactions are few, and the prices are easy to change irregularly. Relatively speaking, ferrovanadium has much more liquidity, the prices are more likely to fluctuate due to the imbalance between supply and demand, and more in line with the actual trend of the market.