Vanadium weekly review (October 8-12, 2018): Vanadium market continues moveing up after the holiday
Date: Oct 12, 2018
www.ferroalloynet.com: This week, vanadium prices remain high from upstream to downstream. Ammonium metavanadate, vanadium pentoxide, ferrovanadium and vanadium-nitrogen prices keep jumping, and the buyers keep searching for the spot goods and compare prices. Steel mills’ spot demand for ferrovanadium and vanadium-nitrogen is increased. Today, Zenith Steel bids 30 tons of vanadium-nitrogen at the price of 775000 rmb/ton.
Steel mills’ bidding prices for September
| Company | Product | Price(RMB/TON) | QTY(TON) | Basis |
| Hebei Jingye | Vanadium-nitrogen | 425000 | 20 | Acceptance, tax inclusive |
| Shaanxi-based steel mill | Vanadium-nitrogen | 423000 | 40 | Acceptance, tax inclusive |
| Anhui Changjiang | Vanadium-nitrogen | 419000 | 70 | Acceptance, tax inclusive |
| Fujian-based steel mill | Vanadium-nitrogen | 428000 | 40 | Acceptance, tax inclusive |
| Jiangsu-based steel mill | Ferrovanadium | 277000 | 30 | Acceptance, tax inclusive |
| SISG | Ferrovanadium | 344500 | 25 | Cash ,tax inclusive |
| SISG | Vanadium-nitrogen | 498000 | 30 | Cash ,tax inclusive |
| Lingyuan Steel | Vanadium-nitrogen | 465000 | 60 | Acceptance, tax inclusive |
| Laiwu Steel | Vanadium-nitrogen | 650000 | Unspecific | Acceptance, tax inclusive |
China vanadium market overview
China ammonium metavanadate market
Ammonium metavanadate prices increase to 440000 rmb/ton by cash from 400000 rmb/ton. The inquiry is active and the prices keep surging. Traders want to sell but quote at highs. Dalian Dongtai quotes at high level of 440000 rmb/ton, which is not representative price of market mainstream.
