Vanadium Market Overview During 1-5 Mar 2021

www.ferroalloynet.com: This week all the vanadium products have different market movements. However, the overall vanadium alloy market is a bit weak because of the steady raw material prices. The raw material market stay firm with AMV 98% price increases by 2000 CNY/t to 101000-103000 CNY/T by cash with tax. And the price for V2O5 flake insists at 107500-110000 CNY/T by cash with tax from some traders and they prefer to hold on rather than sell with low price. However, VN alloy quotation market is not good and some traders even try to reduce the price to sell for the abundant supply. The overall quotation price for VN alloy 16 is at 164000-170000 CNY/t by cash with tax and the tender price from steels are 169000-170000 CNY/T by acceptance with tax. The ferrovanadium market is a bit weak for the high cost but lower buying price from steels. And the offer for FeV 50# asks at CNY 116000-118000/T by cash, which puts the deals to be hard to conclude and some plants even prefer to suspend production either.

1. Summary of Vanadium Biddiding in March

2. China vanadium market overview

Ammonium metavanadate market

This week, the market of ammonium metavanadate in China is increasing slightly pushed by the increasing V2O5 flake price. And most companies are mainly maintaining the long-term orders with regular buyers and suspend the offer for new buyers. The deal price for metallurgical AMV 98% offers at 101000-103000 CNY/T by cash and that for chemical AMV 98% concludes at 105000-106000 CNY/T by Cash.

V2O5 Market

This week, some big V2O5 flake companies starts to reach the orders which make the price at 107000 CNY/T by acceptance with tax but the supply is tight. The bulk prices from traders are as high as 107500-110000 CNY/T by cash with tax and purchasing is a bit active. The buying price from VN alloy is not high but still insists at 107500-108500 CNY/T by cash.

Ferro-Vanadium Market

This week, the ferrovanadium tender prices are increasing slightly to 118000-121000 CNY/t by acceptance compared with that last week but the overall tenders are not any. The deals in bulk market are few because of the high price from suppliers. Some traders try to reduce the quotation price to 116000-118000 CNY/T by cash. However, the high cost in V2O5 flake and low price in ferrovanadium makes the market deals to be hard to reach and some small plants still prefer to suspend production.

Vanadium Nitrogen Market

The price for VN alloy is stumble at high price. At early week the overall quotation for VN alloy increased to 168000-170000 CNY/T by cash for few offers. It shrunk to 164000-165000 CNY/T in the middle of week because of the increasing supply. However, majority big companies are still insisting the price and unwilling to reduce the price but prefer to sideline. The overall tender price for VN alloy is at 169000-170000 CNY/T by acceptance for the squeezing from steel mills.

3. Vanadium worldwide market review

On 3 March 2021, the price of ferrovanadium in Europe rose to 34-34.7 USD/kg V, up by 0.15 USD/kg V, convert into 50# ferrovanadium RMB price was 109800-112000 CNY/Ton. The price of European V2O5 was 7.5-7.75USD/Lb V2O5, convert into V2O5 98% RMB price was 104600-108100 CNY/Ton. The price of ferrovanadium in United States was 15.5-16.5 USD/Lb V, convert into 50# ferrovanadium RMB price was 110300-117400 CNY/Ton.

4. Forecast on next week

The tender from steels may shrink next week and the deals from bulk market will become the mainstream. The overall market may stay steady or with slightly adjustment as raw materials market still insists to be strong and some VN alloy traders become active to offer.

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