The High Cost Of Ferro-vanadium Prices Bullish On China

Because the high cost,Zinc Powder supplier, the Chinese manufacturer intends to raise the vanadium and iron prices

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The mainstream of the current 50% offer ferrovanadium 95000-99000 yuan / ton (28.74-2.95 USD / kg), compared with last week rose 3,000 yuan / ton ($ 0.907 / kg), V-chip offer 86000-90000 yuan / ton (6.02-6.30 USD / pound) than last week rose 4,000 yuan / ton ($ 0.280 / kg). While other regions have higher offer emerged, based on high-end price of the transaction is very limited.

Northeast 50% of a manufacturer of ferro-vanadium are given in the 94000-95000 Price yuan / ton (28.44-28.74 U.S. dollars / kg), according to him reflects the market as stable, there are some inquiries, many manufacturers have a price plan.

Hubei an annual production capacity of 4,000-5,000 tons of ferro-vanadium 50% of manufacturers quoted 95000-96000 yuan / ton (28.74-29.04 U.S. dollars / kg), and said price increases because of the shortage of supply of raw materials and high production costs, at the end of V iron price increase is practice before the Spring Festival is usually reached 98000-100000 yuan / ton (29.65-30.25 U.S. dollars / kg).

Sichuan, a source confirmed that the status of the current market price,Molybdenum Powder supplier, but according to what he said, the market demand remained sluggish this year, they plan to reduce output.

Liaoning Province, a manufacturer quoted the report of vanadium pentoxide in 90,000 yuan / ton (6.30 dollars / lb), and do not intend to sell below this price. Inquiry is limited, manufacturers see approach. Another executive said the manufacturer would reduce output by 2011. Market prices will be steady this year, is floating a little, mainly due to Panzhihua and Chengde of the two largest steel companies.

Export V-chip,manganese powder supplier, the markets stabilize, quoted in the 6.3-6.6 USD / lb. Source: http://www.mhcmp.com

by: ddew

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