Weak end-user demand pushed European vanadium pentoxide (V2O5) prices lower again last week while supply worries have slowly started to ease with mines in South Africa gradually opening up, market sources said.
Fastmarkets assessed the vanadium pentoxide 98% V2O5 min, in-warehouse Rotterdam price at $5.50-6.40 per lb on Friday May 15, down by 13.5% from the previous assessment of $6.50-7.25 per lb.V2O5 prices had been moving up over the past month, with buyers struggling to find cheap prompt units due to increasing worries over future availability...