Chinese vanadium market slows on great pressure from steel mills
Date: Apr 12, 2018
www.ferroalloynet.com: Steel mills force down ferrovandium and vanadium-nitrogen bidding prices strongly. Vanadium pentoxide supplies are still tight. Since last year, Chinese vanadium materials have been in tight. Ammonium metavanadate materials make up part of gap in raw materials, but the market prices are chaotic, leading varied cost of downstream manufacturers.
Ferromolybdenum suppliers fewly make quotation when procurement cost for V2O5 flake is high and ferrovanadium bidding prices are slightly higher than the cost. With ferrovanadium bidding price sitting at about 195000 rmb/ton, the manufacturers lower quotations to some extent, but the spot circulation is still slow.
