Anshan Zizhu Starts To Import Ferrovanadium

BEIJING (Asian Metal) 18 Sep 19 – As prices of ferrovanadium in domestic market are higher than international market, Anshan Zizhu International Trading Co., Ltd. starts to import ferrovanadium.

“We just imported 40t ferrovanadium 80%min and we are searching for orders from domestic market now. For firms bids, we can accept RMB150,800/t (USD26.6/kg V) EXW D/P,” said the source. According to Asian Metal, current prices for ferrovanaidum 80%min in China are about RMB45,000/t (USD7.9/kg V) than overseas market. Even with the import tariff and value-added tax, it is still about RMB14,300/t (USD2.5/kg V) lower than the domestic market.

Located in Anshan Liaoning, this company mainly do international trading business for steelmaking furnace materials and this is their first time to import ferrovanadium.

Currently, mainstream prices for European ferrovanadium 80%min keep at USD30.2-31.2/kg V in warehouse Rotterdam D/A 30 days, down by USD1.1/kg V from last week; Current prices for Chinese ferrovanadium 80%min stand at RMB216,000-220,800/t (USD38.0-38.9/kg V) EXW D/A 180 days, unchanged from last week.