Chinese vanadium pentoxide (V2O5) 98 percent prices were trading nearly unchanged this week between 68,000 and 69,000 yuan a tonne on July 17, according to data from Metal-Pages. The prices are below the 77,000 yuan a tonne level seen in April and the 82,000 yuan a tonne level seen in October 2011.
Vanadium pentoxide fused flake 98 percent minimum prices in Europe were also unchanged on July 17 and were between $5.40 and $5.70 a pound, significantly below their price of $6.40 a pound in October 2011.
In company news, Evraz, the Russia-based steelmaker and vanadium producer, said second-quarter ferrovanadium production fell about 10 percent to 3,760 tonnes over the year-ago period and was down 17.7 percent compared to the first quarter of this year.
The company blamed weaker global demand for its vanadium products produced in Russia and South Africa.