Chinese vanadium nitride market still flat but offers up
2015-12-30 09:05:18 [Print]
BEIJING (Asian Metal) 30 Dec 15 - Sources reported to Asian Metal that the Chinese market for vanadium nitride remains inactive but producers start to raise offers in succession in accord with the prices for vanadium pentoxide flake 98%. Currently, prices for the material are at RMB55,000-58,000/t (USD11.0-11.6/kg V) D/A delivered, with an increase of RMB1,000/t (USD0.2/kg V) from those of last week. As the downstream market remains dim and demand from steel mills shows no signs of rebounding, insiders think that it’s hard for the prices to go up in the coming week.
A Henan-based producer plans to increase offer of vanadium nitride to RMB60,000/t (USD12.0/kg V) D/A delivered in late December or early January to test the market, while the previous deals which were concluded in the first half of December were mostly in a range of RMB55,000-56,000/t (USD11.0-11.2/kg V) D/A delivered. “The downstream market remains slack, but recently we received slightly more inquiries from consumers and traders as the prices for raw materials go up slightly,” said the source. According to the source, most Chinese producers have moved their offers up by around RMB1,000/t (USD0.2/kg V) to current RMB55,000-58,000/t (USD11.0-11.6/kg V) D/A delivered over the past week because of the tight supply.
With an annual production capacity of 2,500t, they produce about 100t this month, unchanged from that of November, having no stocks at hand now.
A Shaaxi-based producer confirmed that Chinese vanadium nitride market remains dim but producers raise offers. Currently, they just arrange delivery according to orders signed in mid-December at around RMB55,000/t (USD11.0/kg V) D/A delivered and plan to watch the market a while. “The increasing price for vanadium pentoxide flake 98%min is the reason for producers’ price adjustment, but the market demand for vanadium nitride is still far from robust. Therefore, we are in no hurry to sell the materials and hold wait-and-see attitudes to the market,” said the source.
With an annual production capacity of 3,500t, they produce at full capacity this month, without much change from that of November, holding about 200t of stocks at the moment.
A Henan-based producer plans to increase offer of vanadium nitride to RMB60,000/t (USD12.0/kg V) D/A delivered in late December or early January to test the market, while the previous deals which were concluded in the first half of December were mostly in a range of RMB55,000-56,000/t (USD11.0-11.2/kg V) D/A delivered. “The downstream market remains slack, but recently we received slightly more inquiries from consumers and traders as the prices for raw materials go up slightly,” said the source. According to the source, most Chinese producers have moved their offers up by around RMB1,000/t (USD0.2/kg V) to current RMB55,000-58,000/t (USD11.0-11.6/kg V) D/A delivered over the past week because of the tight supply.
With an annual production capacity of 2,500t, they produce about 100t this month, unchanged from that of November, having no stocks at hand now.
A Shaaxi-based producer confirmed that Chinese vanadium nitride market remains dim but producers raise offers. Currently, they just arrange delivery according to orders signed in mid-December at around RMB55,000/t (USD11.0/kg V) D/A delivered and plan to watch the market a while. “The increasing price for vanadium pentoxide flake 98%min is the reason for producers’ price adjustment, but the market demand for vanadium nitride is still far from robust. Therefore, we are in no hurry to sell the materials and hold wait-and-see attitudes to the market,” said the source.
With an annual production capacity of 3,500t, they produce at full capacity this month, without much change from that of November, holding about 200t of stocks at the moment.
Ferro-vanadium 50%min In port China
Unit:RMB/mt
China vanadium nitride producers' output statistics by province by month
Unit: mt
