Vanadium weekly review (June 11-15, 2018): Vanadium market is anticipated to go further up

Date: Jun 15, 2018 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.

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