CHINA VANADIUM SNAPSHOT: V2O5 prices surge on increased buying, tight availability

Key data from Fastmarkets’ pricing session in China on Thursday December 24.

Key drivers • Chinese domestic vanadium alloy producers raised their offer prices significantly last week in response to increased buying from mills and higher vanadium pentoxide (V2O5) prices. • Some alloy producers were heard to have achieved deals for vanadium nitrogen at around 155,000 yuan ($23,664) per tonne within the pricing period. Prices are paid in cash and include the value-added tax (VAT). • Some steel mills returned to the market to buy vanadium alloy products to meet near-term production needs while others will possibly re-enter the market in the week beginning Monday December 28, market...

Published

Amy Lv

December 28, 2020

16:27 GMT

Shanghai