Fastmarkets’ assessment for vanadium pentoxide, 98% V2O5 min, fob China
, fell to $6.15-6.35 per lb on November 28, from $6.20-6.40 per lb previously.
The export window has remained closed on the vast negative arbitrage.
Mainstream domestic ex-works quotations for vanadium pentoxide were at 95,000-100,000 yuan ($13,511-13,938) per tonne, compared with around 97,000-100,000 yuan per tonne one week ago, market participants said. The prices were inclusive of China value-added tax (VAT), at bank acceptance basis.
The latest vanadium nitrogen tender prices for December delivery averaged approximately 145,000 yuan per tonne, China-VAT inclusive, at bank acceptance basis, compared with 170,000-180,000 yuan per tonne one month...