Pangang raises weekly V guidance prices

摘要

Chinese state-controlled vanadium producer Panzhihua Iron and Steel (Pangang) has raised its weekly guide prices in response to tighter spot availability, firmer demand and rising tender prices from steel mills. The firm's guide price today rose to 165,000 yuan/t, or Yn214/kg ($33.23/kg) for contained vanadium paid by acceptance bill for 77pc grade vanadium, 16pc grade nitrogen, up by Yn7,000/t from 11 October. It also lifted its guide price for 50pc grade ferro-vanadium by Yn8,000/t to Yn118,000/t paid by acceptance bill.