Date: Mar 29, 2018
BEIJING (Asian Metal) 29 Mar 18 – Affect by tight supply of raw material vanadium pentoxide and higher export prices, prices for Chinese vanadium products moved up rapidly. Price for Chinese vanadium-nitrogen alloy has reached a high level of RMB310,000/t (USD64.01/kg V) now with mainstream prices at RMB307,000-310,000/t (USD63.39-64.01/kg V) Inc-VAT delivered D/A six months, up by RMB7,000/t (USD1.45/kg V) from last week. Market participants are generally optimistic about the market outlook.
A producer in South China said, “Now prices for raw material vanadium pentoxide rise up continuously with tight spot supply, and large vanadium pentoxide flake 98%min plants offer RMB188,000/t (USD13.84/lb V) EXW D/A six months, while actually their purchasing customer base has been solidified and new customers can not purchase the material at this price at all. Our purchasing price from small and medium vanadium pentoxide flake producers has risen to RMB200,000/t (USD14.72/lb V) EXW D/A six months.” They offer RMB310,000/t (USD64.01/kg V) EXW D/A six months for vanadium-nitrogen alloy now, up by RMB7,000/t (USD1.45/kg V) from last week. The source disclosed that they purchased 30t of vanadium pentoxide flake 98%min at RMB195,000/t (USD14.35/lb V) delivered D/P early this week. The company mainly delivers concluded orders and holds no stocks for vanadium-nitrogen alloy, refusing orders at prices below the above offer.
