Vanadium Price Fluctuated Slightly This Week This week, affected by the price adjustment of three vanadium plants to 96000 yuan / ton by acceptance, the transaction price of V2O5 flake in bulk market moved down slightly. The price was reduced to 94500 yuan / ton from 96000 yuan / ton with tax by cash. Similarly, the price of ammonium metavanadate was slightly changed. The quotation of metallurgic monoammonium is 92000 yuan / ton, and that of chemical industry is 98000 yuan / ton. For the downstream alloy plants, the mainstream transaction price of VN alloy is 145000 yuan / ton by cash, and that of ferrovanadium is 101000-102000 yuan / ton by cash. In terms of steel bidding, the lowest price of this week is VN alloy of Nangang, with the price of 148500 yuan / ton and ferrovanadium 102000 yuan / ton and the acceptance price includes tax and the bidding fee. As a whole, the price of raw materials is slightly lower than last week, and the steel bidding price trend of vanadium alloy is stable and weak.

It’s the last month of 2019, and it’s about to enter the last ten day of this month. The steel mills are relatively active in covering goods before the festival. After the small consolidation of vanadium price this week, it’s expected that the vanadium price will not fluctuate much next week. The manufacturers will offer firm prices, and the steel mills will not reduce their procurement.