Demand For Ferrovanadium Up
After prices stabilized in February first week, the second week saw demand for ferrovanadium going up, leading to a hike in spot prices. Ferrovanadium was trading between $12.50 to $13 per pound from $12.25 to $12.75 previously, on the back of improved steel mill buying, while vanadium pentoxide remained range bound between $7 … Continued
After prices stabilized in February first week, the second week saw demand for ferrovanadium going up, leading to a hike in spot prices.
Ferrovanadium was trading between $12.50 to $13 per pound from $12.25 to $12.75 previously, on the back of improved steel mill buying, while vanadium pentoxide remained range bound between $7 and $7.50 per pound. Coming on the back of a healthy correction from its huge January gains, this has brought some kind of cheer to the vanadium market.