Vanadium Market Report May 2017
2017-09-01 17:31:06 【Print】
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The Chinese vanadium market saw prices for vanadium pentoxide, ferrovanadium and vanadium nitride held stable at the high level in May after the surge in April; and market players just stood on the sidelines, leaving few transactions. By late May, prices for vanadium pentoxide flake 98%min still stood high at RMB94,000-96,000/t (USD6.39-6.52/lb V) EXW D/A, up by RMB1,000/t from late April, due to tight spot supply; while those for ferrochrome 50%min stood at RMB98,000-101,000/t (USD28.67-29.56/kg V) delivered D/A with the low-end price dropping by RMB1,000/t (USD0.29/kg V) from early May, as some ferrovanadium and vanadium nitride producers began to reduce prices to promote sales in late May; but the prices for vanadium nitride stayed unchanged from late last month at RMB149,000-152,000/t (USD28.44-29.2 / kg V) delivered D/A.
During May, overseas buyers also held wait-and-see attitude towards the high prices, and the export market saw sporadic transactions of ferrovanadium and vanadium pentoxide expect for long-term contracts. By the end of the month, export prices for Chinese flake vanadium pentoxide 98%min increased by USD0.3/lb V from late April to USD5.9-6.1/lb V FOB China; while those for ferrovanadium 80%min decreased by USD0.5/kg V from late April to USD 27.5-28.5/kg V FOB China.
During May, overseas buyers also held wait-and-see attitude towards the high prices, and the export market saw sporadic transactions of ferrovanadium and vanadium pentoxide expect for long-term contracts. By the end of the month, export prices for Chinese flake vanadium pentoxide 98%min increased by USD0.3/lb V from late April to USD5.9-6.1/lb V FOB China; while those for ferrovanadium 80%min decreased by USD0.5/kg V from late April to USD 27.5-28.5/kg V FOB China.
