Vanadium raw materials have small space to rise

Date: Oct 31, 2018 Recently, ferrovanadium and vanadium-nitrogen markets see thin transactions and most of deals are made at low-end price. Now vanadium-nitrogen is trading in a range of 760000-780000 rmb/ton among small amd medium-sized traders. Some steel mills are strict with the suppliers, so some tonnages are sold at high price of 800000-810000 rmb/ton. But the downstream market is under adjustment at high price. The prices of ammonium metavanadate and vanadium pentoxide flake remain firm. Desheng increased V2O5 flake prices to 510000 rmb/ton on October 29. Underpinned by the price increase, the prices of raw materials may still have space to increase.

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