Vanadium weekly review (May 14-18, 2018): V2O5 flake market remains supply tightness

Date: May 18, 2018 This week, there are few tenders from steel mills but vanadium pentoxide supplies continue to be tight. Major suppliers of V2O5 flake already have orders booked up for the whole May and remain prices at 190000 rmb/ton (acceptance, tax inclusive). Vanadium-nitrogen manufacturers reduce production for supply-demand balance. Ferrovanadium output sits at lows, and the factories come under serious cost overhang.

Steel mills’ bidding prices

Company Product Price (RMB/TON) QTY (TON) Basis
Anyang Yongxing Vanadium-nitrogen 278200 40 Acceptance, tax inclusive
Changye Steel Vanadium-nitrogen 281000 20 Acceptance, tax inclusive

China vanadium market review

China ammonium metavanadate market

This week ammonium metavanadate market prices fall slightly to 170000-175000 rmb/ton (tax inclusive) and a transaction price below 170000 rmb/ton is reported. The price increase lacks of support. Monthly operating rate and output are not high, and the factories extracting vanadium from stone coal mostly haven’t resumed production yet.

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