Date: May 18, 2018
www.ferroalloynet.com: 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.
