Vanadium weekly review (June 11-15, 2018): Vanadium market is anticipated to go further up
Date: Jun 15, 2018
www.ferroalloynet.com: This week, Chinese vanadium market keeps rising. The spot supplies of vanadium pentoxide flake and ammonium metavanadate are tight, so downstream manufacturers can’t estimate the cost and mostly are unwilling to give offers. Some brokers have sold at highs. Meanwhile, that Pangang and other main suppliers of V2O5 flake increased vanadium prices drove the market to some extent.
Steel mills’ bidding prices
| Company | Product | Price (RMB/TON) | QTY (TON) | Basis |
| Jiangsu-based steel mill | Vanadium-nitrogen | 316000-323000 | 60 | Acceptance, tax inclusive |
China vanadium market review
China ammonium metavanadate market
This week ammonium metavanadate operating rate and output stand at lows, due to environmental inspections. Henan and Hunan see continued decrease in output. Current market prices stand in a range of 193000-196000 rmb/ton, up 13000 rmb/ton. There are limited inventories of ammonium metavanadate in the market.
