The two new prices, ferro-vanadium (78% min V, $ per kg fob China) and vanadium pentoxide (98% min, $ per lb fob China) will be assessed weekly. They  will launch on Thursday July 20 alongside six weeks of price history.

Full details and specifications are as follows:

Name: Ferro-vanadium, 78% min $/kg V, fob China
Assessment type: Assessed range
Basis: fob China (other delivery terms normalised)
Loading window: Within 20 days
Price/unit: $/kg V
Form: lumps
Quality: V: 78% min. Al: 1.5% max. Si: 2% max. C: 0.06%. S: 0.05%. P: 0.05%. As: 0.06%. Mn: 0.5%. Cu: 0.1%. Ni: 0.15%. Mesh size: 10-50mm, 90% min.
Min lot size: 5 tonnes ± 5%
Payment terms: L/C, T/T, other payment terms normalised
Assessed by: Metal Bulletin offices in London and Shanghai
Publication: Weekly, between 2pm and 3pm London time on Thursdays

Name: Vanadium pentoxide, 98% min, $/lb V2O5, fob China
Assessment type:
Assessed range
Basis: fob China (other delivery terms normalised)
Loading window: Within 20 days
Price/unit: $/lb V2O5
Form: Brown flake
Quality: V: 98.00% min. Si: 0.25% max. Fe: 0.30% max. S: 0.03% max. P: 0.05% max. As: 0.02% max. Na2+K2O: 1.50% max.
Minimum lot size: 5 tonnes ± 5%
Payment terms: L/C, T/T, other payment terms normalised
Assessed by: Metal Bulletin offices in London and Shanghai
Publication: Weekly, between 2pm to 3pm London time on Thursdays

Data collected for the new prices will be available to view in Metal Bulletin's vanadium trade log from July 20. 

To maintain a clear distinction between the Chinese export market and the European market, Metal Bulletin will introduce a prompt delivery timeframe of 10 working days for its European ferro-vanadium and European vanadium pentoxide quotations.

The remainder of the two specifications will be unchanged as follows:

Name: Ferro-vanadium 78% min, $ per kg V, delivery consumer works in Europe duty-paid
Assessment type: Assessed range
Basis: Delivery consumer works Europe (other delivery terms normalised)
Delivery: Within one month 
Price/unit: $ per kg V
Form: Lumps
Quality: V: 78%; Al: 1.5%; Si: 1.5%; C: 0.25%; S: 0.05%; P: 0.06%; Mn: 0.5%. Other elements: trace only, with the exception of Fe.
Min lot size: 5 tonnes ± 5%
Payment terms: Cash, other payment terms normalised
Assessed by: Metal Bulletin office in London
Publication: Twice weekly, between 2pm and 3pm London time on Wednesday and Friday

Vanadium pentoxide 98% min, $/lb V2O5, in-warehouse Rotterdam
Assessment type:
Assessed range
Basis: In-warehouse Rotterdam
Delivery: Within one month
Price/unit: $ per lb V2O5
Form: Brown flake
Quality: 98.00% min; Si 0.25% max; Fe 0.30% max; S 0.03% max; P 0.05% max; As 0.02% max; Na2+K2O 1.50% max.
Min lot size: 5 tonnes ± 5%
Payment terms: Cash, other payment terms normalised
Assessed by: Metal Bulletin office in London
Publication: Weekly, between 2pm and 3pm London time on Friday

For any comments about the new vanadium prices or if you would like to contribute to these price assessments, please email pricing@metalbulletin.com.

Questions relating to Metal Bulletin’s pricing methodology and policy should be sent to Metal Bulletin’s global ores, alloys and minors editor, Fleur Ritzema, at fritzema@metalbulletin.com.