Chinese vanadium bidding prices go down

Date: Feb 1, 2018 Chinese vanadium-nitrogen and ferrovanadium bidding prices are in downtrend. Amid limited supplies in the market, Tranvic, Desheng and Jianlong mainly sign orders with regular customers and a part of their February orders have been signed. Market participants keep a close eye on the biddings. Laiwu Steel bids 150 tons of vanadium-nitrogen at 282000 rmb/ton. Vanadium pentoxide flake prices stand at about 182000 rmb/ton (acceptance, tax inclusive) and vanadium-nitrogen bidding prices mainly sit in a range of 282000-285000 rmb/ton (acceptance, tax inclusive).

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