PRICING NOTICE: Launch of two Chinese domestic vanadium prices

Fastmarkets today launches two weekly Chinese domestic price assessments for vanadium nitrogen and vanadium pentoxide (V2O5), expanding its current price coverage of the vanadium market.

Following a month-long consultation, Fastmarkets has launched two new price assessments, namely vanadium nitrogen, basis 77%V, 16% N, ex-works China and vanadium pentoxide 98% V2O5 min, ex-works China, to complement its existing price assessments for Chinese ferro-vanadium and V2O5 that both are on an fob basis.

An absence of spot Chinese export activity over the past year has necessitated the need for price assessments in China’s domestic vanadium market to directly track trends in the country and gauge the opportunities for international business, including both imports and exports.

The specifications for the new price assessments are listed as below:

MB-V-0003: Vanadium nitrogen, basis 77%V, 16% N, ex-works China
Quality: Lump. V 77-81%, N 14-18%, C 6% max, P 0.06% max, S 0.10% max
Quantity: Min 20 tonnes (+/- 5%)
Location: ex-works China
Unit: CNY/tonne
Payment terms: Cash, other terms normalized
Publication: Weekly, Thursday, between 2pm and 3pm London time

MB-V-0004: Vanadium pentoxide 98% V2O5 min, ex-works China
Quality: Brown flake. V 98% 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.
Quantity: Min 20 tonnes (+/- 5%)
Location: ex-works China
Unit: CNY/tonne
Payment terms: Cash, other terms normalized
Publication: Weekly, Thursday, between 2pm and 3pm London time

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to these prices, please contact Amy Lv by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Amy Lv, re: new Chinese vanadium pricing.

To see all Fastmarkets’ pricing methodology and specification documents, please go to the Fastmarkets Methodology section.

What to read next
Fastmarkets launched two new price assessments for Indonesia’s domestic trade in nickel ore on Tuesday July 15. The two price assessments are for domestic trades of Indonesian laterite ores with 1.6% and 1.2% nickel content. Indonesia now accounts for 60% of the global nickel supplies and while there is an official government reference price, known […]
Nickel pig iron (NPI) is a key feedstock material used for stainless steel production, and the CIF has grown to become one of the mainstream trading methods for the Chinese market. The proposed price assessment will allow Fastmarkets to bring more transparency to the Chinese NPI market. Fastmarkets has been tracking spot and DDP China […]
The proposal follows preliminary discussions with the market and internal analysis of price usage, which suggests low market liquidity and a lack of demand. Specifically, Fastmarkets is proposing to discontinue: MB-CU-0410 Copper rod premium, ddp Midwest US, US cents/lbQuality: Purity of 99.95-99.99%. Thicknesses of 8 millimeters or 0.3125 inchesQuantity: Min 25,000 poundsLocation: Delivered US MidwestUnit: US […]
After a month-long consultation period, Fastmarkets is amending the below specifications, following no negative feedback from market participants and internal data analysis. The following changes will take place: The new specifications are as follows, with amendments in italics: MB-CU-0002 Copper grade 1 cathode premium, ddp Midwest US, US cents/lb Quality: Grade A 99.9935% min copper cathode conforming to LME […]
The publication of the affected price was delayed for 3 hours and 8 mins. The affected price was: MB-AL-0343 Aluminium P1020A (MJP) spot premium, cif Japan, $ per tonne This price is a part of the Fastmarkets aluminium Asia-Japan package. For more information, or to provide feedback on the delayed publication of this price, or if […]
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]