Vanadium Market Update (June 13, 2012)

Chinese vanadium pentoxide (V2O5) 98 percent prices were stable this week and were trading unchanged between 71,000 and 73,000 yuan a tonne on June 12, according to data from Metal-Pages. Prices have been in that range since May, and are down from the 82,000 yuan a ton level seen in October 2011.

Vanadium pentoxide fused flake 98 percent minimum prices in Europe were also unchanged on June 12 and were between $5.55 and $5.75 a pound, significantly below their price of $6.40 a pound in October 2011.

Metal-Pages reported that market participants do not expect prices to slip in the near term because they are close to production costs, adding that vanadium pentoxide flake producers are unwilling to do deals at these low prices.