Vanadium weekly review (August 13-17, 2018): Vanadium prices remain high

Date: Aug 17, 2018 This week vanadium prices still sit at high. Raw material prices keep firm amid continued supply tightness and the enquiries for ferrovanadium and vanadium-nitrogen rises in number. The transactions mostly are based on contracted orders. Vanadium inventory is still low and the environmental inspections are still on the way. Thus the production resumption is not optimistic and the resumption time is unclear. There are only few companies that succeed to restart and produce in small quantity. Amid the supply concerns, vanadium market stability may last for a period of time.

Steel mills’ bidding prices for August

Company Product Price(RMB/TON) QTY(TON)
ZYSCO Ferrovanadium 281400 15
Hebei Jingye Ferrovanadium 280000 30
Hebei Jingye Vanadium-nitrogen 420000 25
Hebei Jingye Brazilian ferroniobium 220000 30
XISCO Vanadium-nitrogen 415000 10
HBIS Chengsteel Nitrided ferrovanadium 45# 277000 40
Anhui Changjiang Vanadium-nitrogen 419000 70
NISCO Ferrovanadium 277000 90
Laigang Vanadium-nitrogen 419000 140
SISG Vanadium-nitrogen 424200 50
SISG Ferrovanadium 285200 25
BX Steel Vanadium-nitrogen 419900 50
Tonghus Steel Ferroniobium 185000 60
Egang Ferrovanadium 275000 20

China vanadium market review

China ammonium metavanadate market

Some factories have resumed production but the supply remains tight. Despite several traders offer relatively lower price for profit taking, ammonium metavanadate is trading mainly in a range of 243000-252000 rmb/ton (cash, tax inclusive). The large-scale producers’ selling prices are over 250000 rmb/ton. Ammonium metavanadate prices are stable this week.

China vanadium pentoxide market

The enquiries for vanadium pentoxide flake are active. Some vanadium-nitrogen manufacturers, lacking of raw materials, have to control production. Excluding Tranvic, Desheng and Jianlong, the large-scale factories like Liaoning Hongjing, mostly quote V2O5 flake at 275000 rmb/ton (cash, tax inclusive). Other traders have few spot cargoes. Two V2O5 powder factories resume production but they are yet to finish contracted orders. Vanadium pentoxide powder supplies are limitd and the buying interest is also low.

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