Date:Jul 27, 2018

www.ferroalloynet.comVanadium prices continued to be stable this week without major fluctuations, the market is in a strong mentality of seeking stability, the overall transaction volume has improved, and the market activity has also increased compared with last week. Some manufacturers said that vanadium materials were in short supply but all people are seeking the market stability. The raw material purchase cost of midstream manufacturers is high, so they are not willing to release the production capacity and avoid the risk of price change during the production cycle. Steel mills’ tenders have begun this week, and both the upstream and downstream enterprises are keeping a close eye in this. Currently, ferrovanadium 50#, nitrided ferrovanadium and vanadium-nitrogen bidding prices are still in the range of mainstream transaction prices. Some steel mills plan to attend the tenders early August.

Steel mills’ bidding prices

Company Product Price(RMB/TON) QTY(TON) Basis
ZYSCO Ferrovanadium 50# 281400 15 Acceptance, tax inclusive
Hebei Jingye Ferrovanadium 50# 280000 30 Acceptance, tax inclusive
Hebei Jingye Vanadium-nitrogen 420000 25 Acceptance, tax inclusive
Hebei Jingye Brazilian ferroniobium 220000 30 Acceptance, tax inclusive
XISCO Vanadium-nitrogen 415000 10 Acceptance, tax inclusive
HBIS Chengde Steel Nitrided ferrovanadium 45# 277000 40 Acceptance, tax inclusive

China vanadium market review

China ammonium metavanadate market

This week, ammonium metavanadate prices are stable. At present, the market transaction prices still sit at243000-256000 yuan/ton, including tax. The producers are operating actively. The transaction volume picks up a little. Some companies sell small tonnages and also stock up goods at the same time, with bullishness about the future market. With the strict environmental inspections, some discontinued manufacturers have to push off the resumption. It is expected that ammonium metavanadate market will continue to stabilize or slightly increase next week.

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