Vanadium weekly review (September 17-21, 2018): Vanadium market continues jumping amid the supply concerns
Date: Sep 21, 2018
www.ferroalloynet.com: After the obvious increase of vanadium price last week, the overall price of vanadium market skyrocketed this week, and the market falls into a chaotic and irrational state.From vanadium ore, vanadium slag to ferro-vanadium, vanadium nitrogen, all in this boom achieved a breakthrough.The new tandard of rebars will be enforced and the demand for vanadium will increase.Steel mills actively inquire and purchase, the manufacturers arrange the orders closely, and the traders keep whooping up the prices.Many large-scale factories, in order to prevent price surge and slump, strongly supervise their production and sell once there are spot goods, striving for the market stability.But the consumer demand of steel mills are larger, so the prices still continue rising.The price surge is in the heat phase and is unlikely to calm down in the short term.
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 |
China vanadium market overview
China ammonium metavanadate market
Ammonium metavanadate prices increase to 300000-320000 rmb/ton by cash from 255000-262000 rmb/ton by cash. More factories suspend production due to the environmental protection and one of them will not restart until April of next year. Thus, some manufacturers start to focus on the importing of vanadium ore. However, vanadium resources in the international market have not been developed in large quantities, and vanadium ore importing needs a lot of financial support, so imported vanadium ore cannot fill the domestic market in a short time. Currently, Dalian Dogntai quotes ammonium metavanadate 99.2% at 350000 rmb/ton. Other small-scale companies mostly focus on signed orders.
