BEIJING (Asian Metal) 10 Oct 19 – As prices of international vanadium market keep dropping, Chinese ferrovanadium prices drop accordingly. Currently, mainstream prices for Chinese ferrovanadium 80%min stand at USD37.4-38.4/kg V FOB China, down by USD0.4/kg V from two weeks ago. However, considering prices of raw material vanadium pentoxide flake in domestic market keep firm, insiders believe export prices of ferrovanadium would stay steady in the coming week.

A producer in Liaoning quoted their ferrovanadium 80%min at USD38.4/kg V FOB China at the moment, down by USD0.6/kg V from two weeks ago. “We just sold 20t of ferrovanadium 80%min at this price level early this week to a Japanese client. The buyer asked us to deliver within 3 days,” said the source. He added, “The current price of vanadium pentoxide flake 98%min I received stands at RMB130,000/t EXW D/A 180 days, unchanged from two weeks ago.” Considering the cost keeps firm, he believes prices of ferrovanadium export prices would stand steay in the coming week.

With an annual production capacity of 2,400t for ferrovanadium 80%min, they produced 100t in September and expect the same volume in October, holding 20t of stocks now.

Another producer in Liaoning claimed their bottom price for ferrovanadium 80%min at USD38.0/kg V FOB China, down by USD1.0/kg V from two weeks ago. “I heard the current price in European market has dropped to USD27.0/kg V now, down by USD2.0/kg V from two weeks ago. Even with the sea freight, 5% import duty and 13% VAT, it’s still much lower than domestic prices,” said the source. Their last deal was made this Tuesday, when they sold 20t at USD38.0/kg V. Due to the dropping trend of overseas market, he believes Chinese ferrovanadium export prices would keep weak in the coming week.

With an annual production capacity of 1,200t for ferrovanadium 80%min, they expect to produce 60t in October, down by 20t from September, holding 10t of stocks now.

www.asianmetal.com