Chinese ferrovanadium price stable
Date: Dec 14, 2017
BEIJING (Asian Metal) 14 Dec 17 – Current mainstream price for Chinese ferrovanadium 50%min stand in a range of RMB139,000-142,000/t EXW D/A 180 days, in line with last week. Because the price of flake vanadium pentoxide 98%min stayed stable at a high level, industry insiders predicted that the price for ferrovanadium 50%min would keep stable in the coming week.
A producer from South China claimed that this week their firm offer for ferrovanadium 50%min stayed at RMB140,000/t EXW D/P, in line with last week when they sold 30t of the material also at RMB140,000/t EXW D/P “The price of flake vanadium pentoxide 98%min stood sill at a high level, so we had no space to lower the price of ferrovanadium 50%min,” said the source, adding that they believed the price of ferrovanadium 50%min would stay unchanged at current level next week
The producer, with the production capacity of 2,400tpy for ferrovanadium 50%min, plans to produce 100t in December, unchanged from November. They hold around 30t in stock currently.
