Vanadium weekly review (August 27-31, 2018): Vanadium prices remain firm amid the supply tightness

Date: Aug 31, 2018

www.ferroalloynet.comVanadium market remains stable this week. The offering prices of ammonium metavanadate, vanadium pentioxide powder and vanadium-nitrogen are in uptrend. The supplies of V2O5 powder and flake, vanadium-nitrogen are relatively tighter. The enquiries are active but some traders with small quantity of inventories are unwilling to sell or remain the offers at highs. Hence the trading activity is decreased obviously this week.

Steel mills’ bidding prices for August

Company Product Price(RMB/TON) QTY(TON)
ZYSCO Ferrovanadium 281400 15
Hebei Jingye Ferrovanadium 280000 30
Hebei Jingye Vanadium-nitrogen 420000 25
Hebei Jingye Brazilian ferroniobium 220000 30
XISCO Vanadium-nitrogen 415000 10
HBIS Chengsteel Nitrided ferrovanadium 45# 277000 40
Anhui Changjiang Vanadium-nitrogen 419000 70
NISCO Ferrovanadium 277000 90
Laigang Vanadium-nitrogen 419000 140
SISG Vanadium-nitrogen 424200 50
SISG Ferrovanadium 285200 25
BX Steel Vanadium-nitrogen 419900 50
Tonghua Steel Ferroniobium 185000 60
Egang Ferrovanadium 275000 20
NISCO Ferrovanadium 277000 40

China vanadium market overview

China ammonium metavanadate market

Ammonium metavanadate is still trading in a range of 243000-252000 rmb/ton (cash, tax inclusive). August inventories of ammonium metavanadate sit at lows and some manufacturers have to suspend production due to the environmental inspections. Though the supplies are tight, the transaction prices are stable and the highest one is 250000 rmb/ton (cash, tax inclusive). The middlemen can hardly find low-price materials. Ammonium metavanadate market may continue the stability and the number of quotations at above 250000 rmb/ton may increase.

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