Vanadium price forecasts for December
Date: Dec 3, 2018
www.ferroalloynet.com: In November, the prices of vanadium products have been decreased at different extent. The offers of three major manufacturers of V2O5 flake had been firm at 500000 rmb/ton with tax by acceptance, while the market mainstream offers sat in a range of 470000-480000 rmb/ton with tax by cash, which were not appealing to buyers. Ammonium metavanadate prices were decreased sharply from 460000 rmb/ton to 360000 rmb/ton with tax. Now the offers without tax sit in a range of 280000-300000 rmb/ton. With weak spot demand from steel mills, ferrovanadium and vanadium-nitrogen prices also followed the donwtrend. Now, vanadium-nitrogen offers sit in a range of 620000-650000 rmb/ton and the bidding prices stand in a range of 630000-660000 rmb/ton. Ferrovanadium is trading in a range of 380000-400000 rmb/ton.
