Vanadium weekly review (October 8-12, 2018): Vanadium market continues moveing up after the holiday

Date: Oct 12, 2018 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.

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