Vanadium weekly review (March 12-16, 2018): Chinese vanadium market sees the price variance between major manufacturers and other factories

Date: Mar 16, 2018 This week vanadium prices keep rising but the price increase slows down. Market participants basically take wait-and-see attitude. Ferrovanadium and vanadium-nitrogen factories can hardly find raw materials, and the purchased prices stand at highs. Major manufacturers still stabilize the prices but have limited quantities of materials. Ferrovanadium suppliers quote at 200000 rmb/ton or above, given the current cost. Vanadium-nitrogen prices stand at about 300000 rmb/ton.

Steel mills’ bidding prices

Company Product Price (RMB/TON) QTY (TON) Basis
Shanxi-based steel mill Ferrovanadium 195000 30 Acceptance, tax inclusive
Jiangsu-based steel mill Vanadium-nitrogen 292000 40 Acceptance, tax inclusive
Jiangsu-based steel mill Ferrovanadium 195000 20 Acceptance, tax inclusive
Zenith Steel Vanadium-nitrogen 290000 90 Acceptance, tax inclusive
Anhui-based steel mill Vanadium-nitrogen 303400 20 Acceptance, tax inclusive

China vanadium market review

China ammonium metavanadate market

With limited supplies, ammonium metavanadate prices keep increasing. Small-scale companies have few inventories, and major companies quote at highs of 176000 rmb/ton (cash, tax inclusive). The production of vanadium pentoxide powder is low, and some V2O5 flake factories restock raw materials.

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