Vanadium weekly review (June 19-22, 2018): Chinese vanadium prices keep jumpiing

Date: Jun 22, 2018 This week, vanadium market continues climbing. The supplies of ammonium metavanadate and vanadium pentoxide flake are tight, so downstream manufacturers can’t estimate the cost and are unwilling to give offers. As the tenders for July begin, market participants keep a close eye on the changes brought by this round of tenders.

Steel mills’ bidding prices

Company Product Price (RMB/TON) QTY (TON) Basis
Hebei-based steel mill Vanadium-nitrogen 340000 40 Acceptance, tax inclusive

China vanadium market review

China ammonium metavanadate market

This week ammonium metavanadate operating rate and output remain at lows, due to environmental inspections. Henan and Hunan regions still see decreased output. Current market prices stand in a range of 199000-202000 rmb/ton, up 6000 rmb/ton. There are limited supplies of ammonium metavanadate.

China vanadium pentoxide market

Major suppliers of V2O5 flake increased prices again to 211500 rmb/ton (acceptance, tax inclusive). But there are limited supplies but plenty of enquiries. The prices are relatively chaotic. Vanadium pentoixde powder market sees few supplies and thin transactions.

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