Pangang vanadium price increase buoys market

Date: Mar 27, 2018 Though steel mills pressure vanadium market with lower level of bidding prices, vanadium pentoxide flake remains supply tightness and three major companies have exhausted inventories and are yet to sign new orders for April. International vanadium prices are still higher than China domestic market, so some suppliers do export business, indicating that domestic supplies are decresaed. In addition, Chinese vanadium alloys export prices, especially FeV 80#, perform good and the manufacturers are active to purchase vanadium pentoxide flake, with small and middle factories quoting at 195000-200000 rmb/ton with tax.

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