European Ferrovanadium Fell By About 10.5% From The Previous Month
www.ferroalloynet.com: The price of ferrovanadium in Europe continued to fall sharply yesterday night. On April 19, the price of ferrovanadium in Europe was 34.15 (down 1.35)-37.01 (down 1.75) USD/Kg V, equivalent to the price of ferrovanadium50 about 117,300-127,100 CNY/Ton; European vanadium pentoxide was 9.5-10.01 USD/Lb, equivalent to vanadium pentoxide98% about 141,000-148,600 CNY/Ton; U.S. ferrovanadium was 18-19 USD/Lb V, equivalent to the price of ferrovanadium50 about 136,300-143,900 CNY/Ton.
The oversupply of ferrovanadium in Europe continues, and the recent transaction prices continue to fall, and the overall decline continues to expand. Compared with the price on March 22, the price on April 19 has dropped by about 4.175 USD/Kg V, a drop of about 10.5%. The price of ferrovanadium in Europe is already lower than the domestic level. In addition, there are few inquiries from foreign orders, and many domestic export companies indicated that the volume of export orders has decreased significantly in the near future.
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