Domestic vanadium market price continues to seesaw ferrovanadium price fell slightly [SMM vanadium spot KuaiBao]

Published: Nov 8, 2021 14:41

Source: SMM

Save

SMM11 March 8: today's retail trading price of vanadium is between 10.6 and 107000, which is more stable than that of last Friday. The mainstream spot transaction price of ferrovanadium is between 11.6 and 118000, which is 1500 yuan / ton lower than that of last Friday.

SMM11 March 8: today's retail trading price of vanadium is between 10.6 and 107000 / ton, which is more stable than that of last Friday. The mainstream spot transaction price of ferrovanadium is between 11.6 and 118000 / ton, which is 1500 yuan / ton lower than that of last Friday.

Today, the price of sheet vanadium continues to be stable, although the downstream demand for sheet vanadium decreases, but in the case of reduced supply of vanadium in large factories, the price of sheet vanadium is still strong above 106000 / ton.

The price of ferrovanadium fell today, due to the lower demand for iron and steel production restrictions in the lower reaches, the decrease in the number of loose orders in the market, and the increasing pressure on manufacturers and traders of ferrovanadium to discharge stocks. The transaction price of some traders fell to 115000 / ton today.

SMM believes that the long-short game atmosphere in the domestic vanadium market has increased, and it is predicted that the vanadium price will decrease slightly in the future when the demand of steel mills and the supply of vanadium sheet decrease at the same time.

Price forecast quotation daily review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

22 hours ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

22 hours ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

22 hours ago