Chinese V2O5 price edges down on weak sentiment while European range widens upwards

Chinese vanadium pentoxide (V2O5) prices have resumed their decline as sentiment deteriorated on falling downstream vanadium nitrogen tender prices from major steel mills, while in Europe the price range widened upwards on increased spot activity.

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...


Susan Zou

Ewa Manthey

December 02, 2019

16:55 GMT

Shanghai, London