Vanadium weekly review (November 6-10, 2017): Tight spot supply pushes vanadium price surge

 Date: Nov 15, 2017 This week vanadium prices surge. Tranvic and Hongjing still remain stocks in hand and decline to sell while Jianlong has sold about 220 tons of vanadium pentoxide flake at the price of 125000 rmb/ton (acceptance, tax inclusive). Amid limited spot circulation and chaotic offers, most traders also have no additional stocks.

Steel mills’ bidding prices

Company Product Price (RMB/TON) QTY (TON)
Angang Group Vanadium-nitrogen 185000 55
Zenith Steel Vanadium-nitrogen 195000 40

China vanadium market review

China ammonium metavanadate market

Ammonium metavanadate prices rise to 112000-117000 rmb/ton along with the downstream market, up 17000 rmb/ton from last week. Without the prices of downstream market, ammonium metavanadate suppliers are unwilling to make quotation. Thus the transactions are made in small quantity. Henan region sees some deliveries in small volume.

China vanadium pentoxide market

Despite the production of V2O5 flake is stable, the manufacturers hold the stocks in hand and decline to sell. Tranvic and Hongjing decline to sell and quote but Jianlong has delivered large quantities of materials at 125000 rmb/ton (acceptance, tax inclusive). Vanadium pentoxide powder suppliers have no additional stocks and reject low price as well.

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