Chinese ferrovanadium prices keep bearing pressure
Date:Apr 25, 2018
BEIJING (Asian Metal) 25 Apr 18 – Currently, mainstream transaction prices for Chinese ferrovanadium 50%min stand at RMB192,000-195,000/t (USD60.84-61.79/kg V) Inc-VAT delivered D/A six months now, down by RMB3,000/t (USD0.95/kg V) from last week. Prices for raw material vanadium pentoxide flake stay stable, which can not support ferrovanadium market, so ferrovanadium prices continue to be depressed by biddings from steel mills. It is predicted that prices for Chinese ferrovanadium would keep bearing pressure in the coming week.
A producer in North China said that now they offer RMB195,000/t (USD61.79/kg V) Inc-VAT delivered D/A six months for ferrovanadium 50%min, down by RMB3,000/t (USD0.95/kg V) from last week. He said, “Now we mainly deliver concluded orders and have not received any enquiries from traders for recent two weeks. There were almost no deals concluded on the spot market, so the prices lack support from market demand. I believe that prices for Chinese ferrovanadium would keep stable weakly in the coming week.” The source disclosed that their purchasing price for raw material vanadium pentoxide flake 98%min from upstream suppliers holds at RMB190,000/t (USD60.21/kg V) EXW D/A six months. He believed that the sale price of RMB195,000/t (USD61.79/kg V) EXW D/A six months for ferrovanadium 50%min is the middle price that both suppliers and demanders can accept, so the source refuses the orders at lower prices.
