Date:Jun 29, 2018
BEIJING (Asian Metal) 29 Jun 18 – Affected by tight supply of raw material vanadium pentoxide, Chinese vanadium-nitrogen alloy producers actively tried to increase offer of vanadium nitrogen and they started the random growth mode after obtaining the enthusiasm of downstream consumers. Up to now, mainstream prices for Chinese vanadium-nitrogen alloy V77N16 rise to RMB387,000-390,000/t (USD75.92-76.50/kg V) EXW D/A six months now, up sharply by RMB45,000/t (USD8.83/kg V) from last week. While prices for an alternative of niobium keep stable with larger difference between prices for these two materials, causing the spread of worried emotions of market participants. It is expected that prices for Chinese vanadium-nitrogen alloy would rise slowly in the coming week.
A producer in North China claimed that they offer RMB390,000/t (USD76.50/kg V) EXW D/A six months for vanadium-nitrogen alloy V77N16 now, up by RMB45,000/t (USD8.83/kg V) from last week. He said, “We accepted some orders before but have not completed delivery yet. Due to tight supply of raw material vanadium pentoxide flake, we are in no hurry to accept new orders. Recently, customers have been placing orders with us. We try to offer higher prices, while consumers are still willing to take orders.” The source sold 10t of vanadium-nitrogen alloy at RMB375,000/t (USD73.56/kg V) delivered D/A six months early this week. He expected that prices for Chinese vanadium-nitrogen alloy would still edge up but with slow speed in the coming week.
