Prices for Chinese ferrovanadium remain firm
Date: Aug 22, 2018
BEIJING (Asian Metal) 22 Aug 18 – Currently, mainstream prices for Chinese ferrovanadium 50%min hold at RMB273,000-276,000/t (USD79.76-80.64/kg V) Inc-VAT EXW D/A 6 months, up by RMB1,000/t (USD0.29/kg V) from last week. As supply of raw material vanadium pentoxide is tight and its prices still hold at a high level, most market players therefore harbor a stable attitude, believing that prices for Chinese ferrovanadium would remain firm in the coming week.
A producer in South China claimed that their lowest quotation for ferrovanadium 50%min is RMB275,000/t (USD80.34/kg V) Inc-VAT EXW D/A 6 months now, unchanged from last week. The source said, “We now are mainly delivering orders signed previously and received nearly no new enquiries over the past week. We last sold 20t of the material at RMB275,000/t (USD80.34/kg V) Inc-VAT delivered D/A 6 months early last week.” Quotations the source receives now from vanadium pentoxide 98%min suppliers stabilize at the level of RMB270,000/t (USD18.26/lb V) Inc-VAT EXW D/A 6 months, and as prices for the raw material show no signs of changing, the source anticipated that prices for Chinese ferrovanadium would remain firm in the coming week.
