Vanadium weekly review (May 7-11, 2018): Vanadium tenders pull down the whole market
Date: May 11, 2018
www.ferroalloynet.com: Chinese vanadium market is fluctuating along with the tenders. Major suppliers of vanadium pentoxide flake keep stable in offers. However, ferrovanadium and vanadium-nitrogen bidding prices fall down and some sellers lower prices for profit-taking. Amid serious cost overhang, the market is full of wait-and-see. The total transaction is quite thin.
Steel mills’ bidding prices
| Company | Product | Price (RMB/TON) | QTY (TON) | Basis |
| Laigang | Vanadium-nitrogen | 283000 | 160 | Acceptance, tax inclusive |
| Anhui Changjiang | Vanadium-nitrogen | 287000 | 50 | Acceptance, tax inclusive |
| TISCO | Ferrovanadium | 190000 | 60 | Acceptance, tax inclusive |
| Liaoning-based steel mill | Ferrovanadium | 190000 | 20 | Acceptance, tax inclusive |
| Xinxing Ductile Iron Pipes | Nitrided ferrovanadium | 191000 | 10 | Acceptance, tax inclusive |
| Xinxing Ductile Iron Pipes | Vanadium-nitrogen | 279000 | 20 | Acceptance, tax inclusive |
| Ningxia Shente | Vanadium-nitrogen | 286000 | 10 | Acceptance, tax inclusive |
| NISCO | Ferrovanadium | 191800 | 60 | Acceptance, tax inclusive |
| Zenith Steel | Ferrovanadium | 190000 | 20 | Acceptance, tax inclusive |
| Tonghua Steel | Vanadium-nitrogen | 283000 | 24 | Acceptance, tax inclusive |
China vanadium market review
China ammonium metavanadate market
This week ammonium metavanadate market is chaotic in transaction with varied market prices between 173000-177000 rmb/ton (tax inclusive) and 148000 rmb/ton (without tax). Chinese vanadium operating rate remains at lows, but is increased slightly.
China vanadium pentoxide market
Mainstream companies of vanadium pentoxide flake continue to sign orders mainly with their regular customers and remain quotation at 190000 rmb/ton(acceptance, tax inclusive). Amid tight supplies, the transactions are few. Downstream buyers mostly hold wait-and-see attitude. Vanadium pentoxide powder market sees thin transactions and slight price decrease. Downstream chemical and catalyst producers make demand-based purchase.
