Vanadium Weekly Market Overview During 8-12 April, 2019

www.ferroalloynet.com:  In the first two days of this week, vanadium-nitrogen alloy steel bidding price was maintained at CNY 220,000-230,000/t by acceptance. As Travic, Desheng and Jianlong , three large vanadium factories, offered for CNY 170,000 yuan/t on Wednesday, the guide price of vanadium alloy of Panzhihua Steel also released: The offer of 50# ferrovanadium was CNY 180,000/t, and that of vanadium-nitrogen alloy was CNY 260,000/t. The domestic big factories’ quotation made the vanadium market trend become clearer, the confidence of vanadium enterprises to the future slightly increased, the following traders’ offer slightly edged up, and they are reluctant to sell at low prices. Some vanadium enterprises believed that the latter part of this month, vanadium prices would have a small upward momentum. These two days, the inquiry is active, purchase intention has strengthened. This week, vanadium market is in stable and next week is also mainly expected to be stable.

China vanadium market overviewAmmonium metavanadateThe price of ammonium metavanadate is relatively stable this week, and the actual transaction price is about CNY 155,000/t including tax, and CNY 135,000/t excluding tax. With the unified offer of three large vanadium factories for CNY 170,000/t, the offer of partial ammonium factories has subsequently increased to CNY 160,000/t with tax, but the actual transaction is not much. 

Vanadium pentoxide marketThis week, the mainstream transaction price of vanadium pentoxide is CNY 160,000-165,000/t including tax. With the unified price adjustment of vanadium pentoxide flake by Travic, Desheng and Jianlong, the vanadium factories’ confidence has slightly increased as well as the quotation. The offer is CNY 165,000-168,000/t with tax and CNY 145,000-150,000 without tax. After the pricing by the three large vanadium factories, vanadium plants have more clear market trend and they are more unwilling to sell. The offer is relatively strong. 

Ferrovanadium marketCompared with last week, the bidding price of ferrovanadium is slightly lower this week, and the mainstream acceptance steel bidding price is about CNY 175,000/t. The retailing trading is not very active, and the price has been weak. 

Vanadium-nitrogen alloyThis week, the steel bidding price of vanadium-nitrogen alloy is stable at CNY 230,000-240,000/t, the purchasing of steel mills is active as well as the offer of vanadium factories. The trading has increased, the price is relatively stable. This Wednesday, the offer of vandium-nitrogen alloy of Panzhihua Steel is CNY 260,000/t and that of three large vanadium factories is CNY 170,000/t, to release a certain guide signal to the vanadium market. Thursday, vanadium and nitrogen alloy offer is slightly up,  the market will be stable in the short term. From Thursday, vanadium-nitrogen alloy prices have edged up, the market will be mainly stable in the short term. 

Vanadium worldwide market reviewOn 10th, European ferrovanadium was USD 48-49.5(↓2.5) / kg V, and 50# ferrovanadium is CNY 161,200-166,200(↓8,400)/t; European vanadium pentoxide was USD 10.55-12/ lb V2O5, and # 98% vanadium pentoxide was CNY 153,100-174,100/t. American ferrovanadium was USD 28-31.5/lb V, temporary stability. Forecast on next weekThe vanadium market will be mainly stable next week. Most of the vanadium plants are mainly for orders, and retailing goods are still relatively sufficient. It is expected that the market is still relatively active. Whether there will upward momentum, please pay attention to the general demand trend of steel mills.

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