Vanadium weekly review (May 7-11, 2018): Vanadium tenders pull down the whole market

Date: May 11, 2018 Chinese vanadium market is fluctuating along with the tenders. Major suppliers of vanadium pentoxide flake keep stable in offers. However, ferrovanadium and vanadium-nitrogen bidding prices fall down and some sellers lower prices for profit-taking. Amid serious cost overhang, the market is full of wait-and-see. The total transaction is quite thin.

Steel mills’ bidding prices

Company Product Price (RMB/TON) QTY (TON) Basis
Laigang Vanadium-nitrogen 283000 160 Acceptance, tax inclusive
Anhui Changjiang Vanadium-nitrogen 287000 50 Acceptance, tax inclusive
TISCO Ferrovanadium 190000 60 Acceptance, tax inclusive
Liaoning-based steel mill Ferrovanadium 190000 20 Acceptance, tax inclusive
Xinxing Ductile Iron Pipes Nitrided ferrovanadium 191000 10 Acceptance, tax inclusive
Xinxing Ductile Iron Pipes Vanadium-nitrogen 279000 20 Acceptance, tax inclusive
Ningxia Shente Vanadium-nitrogen 286000 10 Acceptance, tax inclusive
NISCO Ferrovanadium 191800 60 Acceptance, tax inclusive
Zenith Steel Ferrovanadium 190000 20 Acceptance, tax inclusive
Tonghua Steel Vanadium-nitrogen 283000 24 Acceptance, tax inclusive

China vanadium market review

China ammonium metavanadate market

This week ammonium metavanadate market is chaotic in transaction with varied market prices between 173000-177000 rmb/ton (tax inclusive) and 148000 rmb/ton (without tax). Chinese vanadium operating rate remains at lows, but is increased slightly.

China vanadium pentoxide market

Mainstream companies of vanadium pentoxide flake continue to sign orders mainly with their regular customers and remain quotation at 190000 rmb/ton(acceptance, tax inclusive). Amid tight supplies, the transactions are few. Downstream buyers mostly hold wait-and-see attitude. Vanadium pentoxide powder market sees thin transactions and slight price decrease. Downstream chemical and catalyst producers make demand-based purchase.

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