Niobium and Vanadium7 Nov 2019 14:26
Niobium coming under price pressure
https://www.vanadiumprice.com/vanadium-prices-edge-down-and-ferroniobium-is-hard-to-be-traded/
In the past month, vanadium prices have been falling. Up to now, the transaction price of V-N alloy is CNY 144,000-145,000/t by acceptance, which is about CNY 50,000/t lower than that in early October. At present, the offer of bulk ferroniobium in Brazil is CNY 195,000-198,000/t by cash. The price competitive advantage of V-N alloy is obvious, and the sales pressure of ferroniobium has increased. For small steel mills, they prefer to purchase V-N alloy rather than ferroniobium. Some traders moderately reduce their prices, and the trading is not good. Of course, CITIC metal also faces sales pressure, and the import volume of ferroniobium has decreased significantly in recent two months.
The price of vanadium tends to weaken and ferroniobium price bears pressure. In the future, the ferroniobium will face certain pressure. In the short term, the price fluctuation of ferroniobium will be relatively small.
Niobium becoming less financially attractive coupled with the vanadium article posted this morning where the following says that vanadium pricing going lower is costing other producers now.
A producer in North China noted their ferrovanadium 50%min at RMB101,000/t (USD28.9/kg V) EXW D/A 180 days and can accept RMB100,000/t (USD28.6/kg V) for firm bids, down by RMB5,000/t (USD1.4/kg V) from this Monday. “It’s hard to quote now as our cost keeps high at RMB110,000/t (USD31.4/kg V).
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