Date: Nov 2, 2018

www.ferroalloynet.com: This week, the inquiries are decreased in number in vanadium market and the market remains inactive. Although the middlemen show more interest in selling, the actual transaction remains thin. The large-scale factory increased V2O5 flake prices to 510000 rmb/ton again and the consumers, due to increased cost, are cautious in procurement. The prices of vanadium products are in state of stability, and the market is awaiting the bidding prices to guide.

Steel mills’ bidding prices

Company Product Price(RMB/TON) QTY(TON) Basis
XISC Ferrovanadium 50# 398000 40 Acceptance, tax inclusive
Anhui Changjiang Vanadium-nitrogen 720000 50 Acceptance, tax inclusive
Zenith Steel Vanadium-nitrogen 775000 30 Acceptance, tax inclusive, for November
BX Steel Vanadium-nitrogen 780000 40 Acceptance, tax inclusive
Laiwu Steel Vanadium-nitrogen 788000 75 Acceptance, tax inclusive
Anyang Yongxing Vanadium-nitrogen 790000 20 Cash, tax inclusive, for November
Fujiang Sangang Vanadium-nitrogen 775000 40 Cash, tax inclusive, for November
KISC Vanadium-nitrogen 804000 10 Cash, tax inclusive, for November
KISC Vanadium-nitrogen 804300 40 Cash, tax inclusive, for November
KISC Vanadium-nitrogen 805200 10 Cash, tax inclusive, for November
NISCO Ferrovanadium 50# 475000 30 Cash, tax inclusive, for November
ZYSCO Ferrovanadium 50# 481000 10 Acceptance, tax inclusive, for November
BX Steel Vanadium-nitrogen 800000 30 Acceptance, tax inclusive, for November

China vanadium market overview

China ammonium metavanadate market

Ammonium metavanadate market is not active and the offering prices stabilize in the same range of 460000-470000 rmb/ton by cash with tax. There are some suppliers underselling. According to market sources, ammonium metavanadate operating rate sat at 39.6% in October and the output was 1285 tons, up 55 tons from last month. The companies extracting vanadium from stone coal are still under transformation and mostly are unlikely to resume in near term.

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