Vanadium weekly review (August 27-31, 2018): Vanadium prices remain firm amid the supply tightness
Date: Aug 31, 2018
www.ferroalloynet.com: Vanadium market remains stable this week. The offering prices of ammonium metavanadate, vanadium pentioxide powder and vanadium-nitrogen are in uptrend. The supplies of V2O5 powder and flake, vanadium-nitrogen are relatively tighter. The enquiries are active but some traders with small quantity of inventories are unwilling to sell or remain the offers at highs. Hence the trading activity is decreased obviously this week.
Steel mills’ bidding prices for August
| Company | Product | Price(RMB/TON) | QTY(TON) |
| ZYSCO | Ferrovanadium | 281400 | 15 |
| Hebei Jingye | Ferrovanadium | 280000 | 30 |
| Hebei Jingye | Vanadium-nitrogen | 420000 | 25 |
| Hebei Jingye | Brazilian ferroniobium | 220000 | 30 |
| XISCO | Vanadium-nitrogen | 415000 | 10 |
| HBIS Chengsteel | Nitrided ferrovanadium 45# | 277000 | 40 |
| Anhui Changjiang | Vanadium-nitrogen | 419000 | 70 |
| NISCO | Ferrovanadium | 277000 | 90 |
| Laigang | Vanadium-nitrogen | 419000 | 140 |
| SISG | Vanadium-nitrogen | 424200 | 50 |
| SISG | Ferrovanadium | 285200 | 25 |
| BX Steel | Vanadium-nitrogen | 419900 | 50 |
| Tonghua Steel | Ferroniobium | 185000 | 60 |
| Egang | Ferrovanadium | 275000 | 20 |
| NISCO | Ferrovanadium | 277000 | 40 |
China vanadium market overview
China ammonium metavanadate market
Ammonium metavanadate is still trading in a range of 243000-252000 rmb/ton (cash, tax inclusive). August inventories of ammonium metavanadate sit at lows and some manufacturers have to suspend production due to the environmental inspections. Though the supplies are tight, the transaction prices are stable and the highest one is 250000 rmb/ton (cash, tax inclusive). The middlemen can hardly find low-price materials. Ammonium metavanadate market may continue the stability and the number of quotations at above 250000 rmb/ton may increase.
