Vanaidum weekly review (October 16-20, 2017): Large quantities of vanadium pentoxide are sold but at low price

Date: Oct 20 This week vanadium market is still in downward momentum. Many transactions of vanadium pentoxide flake are made and the deal prices are at 96000 rmb/ton (acceptance, tax inclusive). Downstream alloy manufacturers have sold only small quantity of goods. Now ferrovanadium prices are at 108000-110000 rmb/ton (tax inclusive), vanadium-nitrogen prices are at 150000-155000 rmb/ton (tax inclusive) and vanadium pentoxide flake prices are at 96000-100000 rmb/ton (tax inclusive).

Steel mills’ bidding prices

Company Product Price(RMB/TON) QTY(TON) Basis
Anhui Changjiang Vandium-pentoxide 157500 30 Acceptance, tax inclusive
Anhui-based steel mill Ferrovanadium 114000 30 Acceptance, tax inclusive
TISCO Ferrovanadium 114000 30 Acceptance, tax inclusive
Zenith Vanadium-nitrogen 155000 60 Acceptance, tax inclusive

China vanadium market review

China ammonium metavanadate market

This week ammonium metavanadate prices also fall and the transaction prices are less than 90000 rmb/ton. Only several transactions are made and the prices are at lows. Meanwhile, the operating rate and the output also are at low level. Most buyers show unwillingness of procurement with the price in decrease

China vanadium pentoxide market

Vanadium pentoxide flake market sees sharp growth of sales and the sell prices are at 96000 rmb/ton (acceptance, tax inclusive). Many trades are made in large volumes. Some suppliers decline to lower the price within a great range. In terms of vanadium pentoxide powder, the market is seen the output at low level and the transaction in small volumes and the insiders are in wait-and-see sentiment.

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