Date: Nov 2, 2018
www.ferroalloynet.com: This week, the inquiries are decreased in number in vanadium market and the market remains inactive. Although the middlemen show more interest in selling, the actual transaction remains thin. The large-scale factory increased V2O5 flake prices to 510000 rmb/ton again and the consumers, due to increased cost, are cautious in procurement. The prices of vanadium products are in state of stability, and the market is awaiting the bidding prices to guide.
Steel mills’ bidding prices
| Company | Product | Price(RMB/TON) | QTY(TON) | Basis |
| XISC | Ferrovanadium 50# | 398000 | 40 | Acceptance, tax inclusive |
| Anhui Changjiang | Vanadium-nitrogen | 720000 | 50 | Acceptance, tax inclusive |
| Zenith Steel | Vanadium-nitrogen | 775000 | 30 | Acceptance, tax inclusive, for November |
| BX Steel | Vanadium-nitrogen | 780000 | 40 | Acceptance, tax inclusive |
| Laiwu Steel | Vanadium-nitrogen | 788000 | 75 | Acceptance, tax inclusive |
| Anyang Yongxing | Vanadium-nitrogen | 790000 | 20 | Cash, tax inclusive, for November |
| Fujiang Sangang | Vanadium-nitrogen | 775000 | 40 | Cash, tax inclusive, for November |
| KISC | Vanadium-nitrogen | 804000 | 10 | Cash, tax inclusive, for November |
| KISC | Vanadium-nitrogen | 804300 | 40 | Cash, tax inclusive, for November |
| KISC | Vanadium-nitrogen | 805200 | 10 | Cash, tax inclusive, for November |
| NISCO | Ferrovanadium 50# | 475000 | 30 | Cash, tax inclusive, for November |
| ZYSCO | Ferrovanadium 50# | 481000 | 10 | Acceptance, tax inclusive, for November |
| BX Steel | Vanadium-nitrogen | 800000 | 30 | Acceptance, tax inclusive, for November |
China vanadium market overview
China ammonium metavanadate market
Ammonium metavanadate market is not active and the offering prices stabilize in the same range of 460000-470000 rmb/ton by cash with tax. There are some suppliers underselling. According to market sources, ammonium metavanadate operating rate sat at 39.6% in October and the output was 1285 tons, up 55 tons from last month. The companies extracting vanadium from stone coal are still under transformation and mostly are unlikely to resume in near term.
