www.ferroalloynet.com: Large vanadium manufacturers raise prices this week and which encourages vanadium prices. At the beginning of the week, the long-term price of V2O5 flake manufacturers increased by 5 000 CNY/T in April, which boosted the confidence of the vanadium market. The upstream and downstream are actively bullish and the quotations also rise to some extent. At the same time as the steel recruitment is concentrating, the manufacturers’ quotations have risen to 168000-172000 CNY/T by acceptance with tax. The tender price for ferrovanadium 50# is 118,000-124,000 CNY/T by acceptance with tax. In the bulk market, transactions are not good, and it was difficult for traders to purchase at low prices.
1. Summary of Vanadium Biddiding in March
|
Company |
Products |
Price ( CNY/Ton) |
Quantity ( Ton) |
Basis |
Date |
|
Lianyuan Steel
|
VN16 | 113000 | 20 | Acceptance with tax |
Mar 29 |
|
Lianyuan Steel
|
VN16 | 113000 | 20 | Acceptance with tax |
Mar 29 |
|
Xinjiang BA GANG
|
V75N14 | 165,000 | 20 | Acceptance with tax |
Mar 30 |
|
JISCO Steel
|
V75N14 | 170,000 | 90 | Acceptance with tax |
Mar 30 |
|
JISCO Yuzhong Steel
|
V77N16 | 172,000 | 60 | Acceptance with tax |
Mar 31 |
|
A steel in Shandong
|
FeV 50# | 124,000 | 60 | Acceptance with tax |
Apr 1 |
|
A steel in Shandong
|
VN16 | 170,000 | 190 | Acceptance with tax |
Apr 1 |
|
ZENITH
|
VN16 | 168,000 | 140 | Acceptance with tax |
Apr 1 |
|
Kunming Steel |
VN16 | 168,000 | 15 | 60% Cash+20% Acceptance +20% Invoice |
Apr 2 |
|
Kunming Steel |
VN16 | 168,100 | 10 | 60% Cash+20% Acceptance +20% Invoice |
Apr 2 |
|
Kunming Steel |
VN16 | 167800 | 10 | 60% Cash+20% Acceptance +20% Invoice |
Apr 2 |
|
Shougang Changzhi Steel |
VN16 | 170300 | 20 | Acceptance with tax |
Apr 2 |
|
Anhui Changjiang Steel |
VN16 | 169000 | 100 | Acceptance with tax |
Apr 2 |
2. China vanadium market overview
Ammonium metavanadate market
This week, the ammonium metavanadate prices increase by 2000 CNY/T, cheered by the lift V2O5 flake long-term price from giant vanadium companies in the early week. And the deals also get improvement though some end buyers still wait and see. The current deal price for AMV 98% concentrates on 100000-103000 CNY/T by cash with few higher prices.
V2O5 Market
At the beginning of this week, the V2O5 flake giant companies conclude the April price at 112000 CNY/T by acceptance, up by 5000 CNY/T compared with that in March. Encouraged by this cheerful news, some traders and small producers are active to increase the offer which is as high as 111000-112000 CNY/T by cash. However, the deals with high prices are a bit rare as many VN alloy companies are hesitate to buyer. Meanwhile, the quotation for chemical V2O5 powder also ascends but deals are few as the prices between buyers and sellers are hard to make a balance.
Ferro-Vanadium Market
This week, the ferrovanadium market price enhances by 5000 CNY/T cheered by the rising price of V2O5 flake from giant companies and the increasing steel bidding prices. The current ferrovanadium price offers at 123000-125000 CNY/T and steel bidding price climbs to 117000-124000 CNY/T by acceptance. The deal price for ferrovnanadium 50# in the bulk market is at 115000-116000 CNY/T by cash. Traders believe that the current market is strong, however, steels cannot accept the higher price which puts the deals to be serious.
Vanadium Nitrogen Market
This week, vanadium-nitrogen alloy price rises by nearly 5000 CNY/T. Driven by the price adjustment of V2O5 flake manufacturers, the quotations of vanadium-nitrogen alloy have been raised to 168000-170000 CNY/T by cash. Low-priced resources in the market have decreased. At the same time, the steel bidding price has become stronger to 168000-172000 CNY/T by acceptance with tax, but it is slightly weak. From the cost of vanadium-nitrogen alloy, the bidding price is not high, the manufacturer’s profit is limited, and the alloy plant is slightly passive. There are not many inquiries from traders this week, and vanadium-nitrogen alloys are not going to be high or low. Most companies will not purchase high prices for the time being prefer to wait and see more steel bids.
3. Vanadium worldwide market review
On 29 March 2021, the price of ferrovanadium in Europe drops to 31.8-32.75 USD/kg V, down by 0.4 USD/kg V, convert into 50# ferrovanadium RMB price was 168000-170000 CNY/Ton. The price of European V2O5 was 8-8.5 USD/Lb V2O5, convert into V2O5 98% RMB price was 113600-120700 CNY/Ton. The price of ferrovanadium in United States was 15.9-16.5 USD/Lb V, convert into 50# ferrovanadium RMB price was 115200-119500 CNY/Ton.
4. Forecast on next week
Next week, we need to pay more attention to the orders from large vanadium manufacturers, and then wait for more alloy steel bidding prices, and the market may become clearer. It is expected that vanadium prices will remain stable next week, market supply will be stable, steel mills may have limited to accept the high prices. Besides, some steel mills have a little inventory, and demand performance will be average. Therefore, vanadium prices will remain stable.
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