Vanadium Prices Continue to Decline and Stone Coal Enterprises are Under Great Pressure Due to the current supply of raw materials vanadium market is overdemand, vanadium prices continue to drop. Up to now, the cash price of ammonium vanadate is CNY 140,000/t including tax, that of vanadium pentoxide is CNY 150,000/t, and the transaction is light, downstream factories purchase carefully. For upstream stone coal enterprises, the current vanadium prices have put them under pressure to produce , some small factories have slowly shut down.

The cost of coal ranges from CNY 70,000-100,000/t, which varies from factory to factory. If the price continues to drop, more factories will gradually stop production, then the supply of vanadium raw materials will decrease relatively, and vanadium price will slowly stabilize.