www.ferroalloynet.comVanadium prices fell slightly this week, with trading deadlock in the bulk market. There are few bidding of steel plants, and vanadium market has entered into the calm period of inquiry. Large V2O5 flake factories has not been shipped after the pricing, while retail investors are active in selling, and the transaction price is slightly down. Alloy market is relatively quiet, and traders are competing for shipment, and then the quotation is lower. The manufacturers mainly to complete their orders signed before. On Thursday, the bidding price of VN alloy was 168,700 Yuan/ton by acceptance, significantly lower than the previous price of more than 170,000 Yuan/ton.

Summary of Vanadium Bidding in June 2020



Price ( CNY/T)

Quantity ( Ton)



A Steel Plant in Fujian




Cash With Tax

June 2nd

Hebei Xinxing Ductile Iron Pipe




Acceptance with Tax

June 4th

JISCO Yuzhong Steel




Acceptance with Tax

June 8th

Benxi Steel




Acceptance with Tax

June 8th

A Steel Plant in Shandong




Acceptance with Tax

June 11th

2. China vanadium market overview

Ammonium metavanadate market

This week, the price of ammonium metavanadate went down slightly, and the inquiries from alloy market were less. The shipments of V2O5 flake traders increased, but the quotation were down. Driven by the V2O5 flake market, ammonium metavanadate manufacturers are also active to sell, but the strong trend of price was faded, and the transaction was tepid.

Vanadium pentoxide market

At the beginning of the week, the long-term agreement price of Tranvic and Desheng was increased to 107,000 Yuan/ton by acceptance, but they have not signed the orders. The market inquiry of VN alloy is less, while the shipment of V2O5 flake traders is increasing, and the quotation is reduced from 111,000-112,000 Yuan/ton to 108,000-109,000 Yuan/ton in cash with tax. Some alloy factories still wait and see, and their procurement is not much. The chemical V2O5 powder market is relatively stable, and the terminal demand is not improved due to the impact of export reduction.

Ferrovanadium market

This week, the price of FeV has not fluctuated, but the inquiries are reduced. Traders are active to offer for selling, with quotation of 108,000-109,000 Yuan/ton in cash with tax. Some FeV manufacturers are mainly to complete their early orders and some other manufacturers start to stop production when the cost quotation of raw materials is 109,000-110,00 Yuan/ton in cash. As a whole, ferrovanadium market tends to be weak.

Vanadium-nitrogen alloy market

This week, VN alloy bidding information is not much, and the market entered into calm period. Most of the manufacturers are mainly engaged in producing based on their signed orders. There are not many spot goods in the market, and the shipment of VN alloy traders is enhanced. Driven by sufficient profit space, the intention of shipment is relatively high, and the quotation shows a downward trend, which is reduced from 170,000 Yuan/ton to 167,000 Yuan/ton, but the transaction activity is still not high, and the buyers are mostly wait and see. On Thursday, the latest bidding price of VN alloy was 168,700 Yuan/ton by acceptance, and the bidding price of steel plants fell to within 170,000 Yuan/ton.

HRB market

This week, the price of rebar fell slightly. At the beginning of the week, the price of Grade III rebar(12mm) was above 4000 Yuan/ton, and then entered the decline channel, falling below 4000 Yuan/ton by Friday. Although the terminal demand is still good, but the fundamentals are general. The overall price of rebar is weak, and the delivery and transaction in some areas are poor.

3.Vanadium worldwide market review

On June 10, the price of ferrovanadium in the European market fell to 24.05-24.9 USD/KgV, convert into 50# ferrovanadium RMB price was 85,100-88,100 Yuan/ton. The price of European V2O5 remained at 5.35-6.25 USD/LB V2O5, convert into V2O5 98% RMB price was 81,800-95,500 Yuan/ton; the price of ferrovanadium in United States was 9.8-10.0 USD/LB V, convert into 50# ferrovanadium RMB price was 76,400-78,000 Yuan/ton.

4.Forecast on nextweek

Next week, the large V2O5 flake factories will start to sign orders for shipment, and the alloy factories will slightly adjust the delivery price of VN alloy and ferrovanadium under the cost support of raw materials. Driven by sufficient profit margin, the shipments of VN alloy traders will increase, which will not exclude the possibility of low price shipment, but also affect the bidding of steel plants. It is expected that vanadium prices will be slightly declined next week.