Chinese ferrovanadium prices stay at high level
Date: Mar 21, 2018
BEIJING (Asian Metal) 21 Mar 18 – Mainstream prices for Chinese ferrovanadium 50%min stand at RMB200,000-203,000/t (USD63.20-64.15/kg V) Inc-VAT delivered D/A six months now, up by RMB3,000/t (USD0.95/kg V) from last week. As purchases from steel mills came to an end, ferrovanadium market sees flat demand and the prices are hard to rise again. Market participants predicted that prices for Chinese ferrovanadium would stay at a high level in the coming week.
A producer in South China said, “Now steel mills made few purchases and ferrovanadium market sees flat demand. As the prices have risen to a high level and traders also postpone entering the market for purchase, only export market is easy to see transactions.” The company quotes RMB200,000/t (USD63.20/kg V) EXW D/P for ferrovanadium 50%min now, up by RMB3,000/t (USD0.95/kg V) from last week. They last sold 20t of ferrovanadium 60%min at RMB188,000/t (USD59.41/kg V) EXW D/P in early March. The source predicts that prices for Chinese ferrovanadium would keep firm in the coming week.
