Chinese ferrovanadium price slows increase

Date: Nov 23, 2017

BEIJING (Asian Metal) 23 Nov 17 – Current mainstream price for Chinese ferrovanadium 50%min stand in a range of RMB139,000-142,000/t EXW D/A 180 days, up by around RMB 7,000/t from last week. Because the price of flake vanadium pentoxide 98%min almost stopped increasing, industry insiders predicted that the price for ferrovanadium 50%min would slow increase in the coming week.

A producer from South China claimed that this week their firm offer for ferrovanadium 50%min stayed at RMB141,000/t EXW D/A 180 days, up by RMB7, 000/t from last week when they sold 10t of the material at RMB134,000/t EXW D/A 180 days. “The price of flake vanadium pentoxide 98%min stay unchanged this week, so our production cost for ferrovanadium 50%min will not increase further,” noted the source, adding that they thought next week the price of ferrovanadium 50%min may edge up slight by around RMB2,000/t.

The producer, with the production capacity of 600tpy for ferrovanadium, plans to produce 60t in November, stable compared to October. They hold 20t in stock currently.

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