Chinese ferrovanadium prices increase

Date: Feb 26, 2019

BEIJING (Asian Metal) 26 Feb 19 – Currently, mainstream prices for Chinese ferrovanadium 50%min are RMB255,000-258,000/t (USD76.28-77.17/kg V) EXW D/A 180 days, up by RMB3,000/t (USD0.90/kg V) from late last week. Considering prices of raw material keep increasing, insiders believe prices of this material would be firm in the coming week.

A producer in Northeast China quotes ferrovanadium 50%min at RMB260,000/t (USD77.77/kg V) at present, up by RMB5,000/t (USD1.50/kg V) from last week. “We bought 32 tons of raw material vanadium pentoxide flake 98%min at RMB245,000/t (USD16.96/lb V) early last week and it’s hard to buy more for tight supply at the moment. Considering prices of raw material would hardly drop, I believe prices of ferrovanadium 50%min would be firm in the coming week,” said the source. Their last deal was made late last week, when they sold 10t at RMB258,000/t (USD77.17/kg V).

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