Chinese ferrovanadium prices up strongly
Date: Mar 29, 2018
BEIJING (Asian Metal) 29 Mar 18 – Now export prices for Chinese ferrovanadium are obviously higher than those in domestic market, affected by which Chinese ferrovanadium prices show strong uptrend. Mainstream prices for Chinese ferrovanadium 50%min stand at RMB209,000-212,000/t (USD66.45-67.41/kg V) delivered D/A six months now, up by RMB9,000/t (USD2.86/kg V) from last week. As raw material vanadium pentoxide is in tight supply but with great demand, it is predicted that prices for Chinese ferrovanadium would keep stable uptrend in the coming week.
A producer in North China said, “Our export price for ferrovanadium 80%min stands at USD69.0/kg V, equivalent to the domestic price of RMB217,000/t (USD69.00/kg V) EXW for ferrovanadium 50%min but with only transactions in small batch, while all domestic consumers have not yet been able to accept the price level. I believe that EXW prices for Chinese ferrovanadium would follow up continuously and even catch up with FOB export prices in the coming week.” The company quotes RMB210,000/t (USD66.77/kg V) delivered D/A six months for ferrovanadium 50%min now, up by RMB9,000/t (USD2.86/kg V) from last week. They last sold 30t of ferrovanadium 60%min at RMB203,000/t (USD64.55/kg V) delivered D/A six months early last week.
