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

December 29, 2020 / www.metalbulletin.com / Article Link

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

Key drivers ?EUR? 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. ?EUR? 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). ?EUR? 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...

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