Chinese ferrovanadium prices continue rising
Date: Jan 09, 2018
BEIJING (Asian Metal) 9 Jan 18 – Affected by tight supply of raw material vanadium pentoxide flake and higher prices for the material, prices for Chinese ferrovanadium continued to move up. Mainstream transaction prices for Chinese ferrovanadium 50%min stand at RMB165,000-168,000/t (USD50.80-51.72/kg V) EXW D/P now, up by RMB15,000/t (USD4.62/kg V) from last week. Market particpants generally have an optimistic attitude towards the market outlook and predict that prices for Chinese ferrovanadium would keep moving up stably in the coming week.
A producer in North China said, “The current purchasing price for ferrovanadium 50%min from Zenith Steel has moved up to RMB205,000/t (USD63.12/kg V) delivered D/A 6 months, which promotes increase of spot prices for ferrovanadium obviously. Although transaction prices in spot market have not followed up completely, the uptrend is apparent.” Their current quotation for ferrovanadium 50%min stands at RMB180,000/t (USD55.42/kg V) EXW D/P and the company last sold 10t of ferrovanadium 50%min at RMB165,000/t (USD50.80/kg V) EXW D/P last Friday.
