Vanadium Prices Start To Stabilize After A Slight Increase This Week

www.ferroalloynet.comVanadium market rebounded slightly early this week, which increased market confidence, but due to the light market trading, vanadium prices remained stable in the stalemate. Up to this Friday, the upstream and downstream vanadium products have not been traded at low prices, the market mentality is still strong, looking forward to next week’s steel bidding. Up to now, the mainstream price of vanadium products has remained stable after the rebound. The transaction price of ammonium metavanadate is about CNY 130,000/t, CNY 137,000-138,000/t for ferrovanadium. The spot price of V2O5 flake is CNY 135,500/t by cash, CNY 200,000/t for vanadium-nitrogen alloy.

In August, the output of V2O5 flake has increased again, the decline in prices make trading volume of the terminal alloy market decrease compared with July. Although the price of ferrovanadium has also been slightly revised back in the market, their enthusiasm for production is still not high. In the early stage, vanadium-nitrogen alloy manufacturers are under pressure to produce, and there are also some stock at present. The main reason for this price rebound is that cost supports alloy factories to resist low prices, and the lack of rising demand will inhibit the space for future price increase. We predict that market prices may edge up slightly in September.