Ferrovanadium (FeV50, FeV80) Price Summary - Major Chinese Markets, September 7, 2023

Published by ZhenAn International Co., Limited · Knowledge Center · Market price assessment, not a firm offer

Key Takeaways

Assessment date: September 7, 2023, Chinese domestic market.

FeV50 (50% V): mainstream transaction range 10.7–11.0 ×10,000 CNY/t; mainstream quotation 10.8–11.0 ×10,000 CNY/t - assessed uniformly across Panzhihua, Jinzhou, Xinyu, Hubei, Hebei, Henan, Hunan and Jiangsu.

FeV80 (80% V, Jinzhou): mainstream transactions 17.12–17.6 ×10,000 CNY/t; quotations 17.28–17.6 ×10,000 CNY/t.

Settlement basis: figures are quoted with settlement via bank acceptance bill; no day-on-day change was reported on the assessment date.

Use with care: these are reference assessments. Confirm live pricing with your supplier before contracting.

Market Overview

On September 7, 2023, the domestic ferrovanadium market was assessed as steady. FeV50 was reported at a uniform mainstream transaction range of 10.7–11.0 (×10,000 CNY/t) across the eight listed regions, with mainstream quotations of 10.8–11.0. FeV80, the higher-vanadium grade, was quoted in Jinzhou at 17.28–17.6 for mainstream quotations against transactions of 17.12–17.6. No day-on-day movement was reported for any grade on the assessment date. The stability of the ranges across regions reflects balanced supply and mill purchasing pace, while the FeV50–FeV80 spread mainly captures the higher vanadium content and refining cost of FeV80.

Price Summary by Market

Table 1 - FeV50 (nominal 50% V), assessed September 7, 2023. Unit: ×10,000 CNY per metric ton (i.e., 10,000 CNY/t). "Change" = day-on-day movement; "--" = none reported.

Market / Region	Mainstream transactions (×10,000 CNY/t)	Change	Mainstream quotation (×10,000 CNY/t)	Change	Remark
Panzhihua (Sichuan)	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement
Jinzhou (Liaoning)	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement
Xinyu (Jiangxi)	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement
Hubei	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement
Hebei	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement
Henan	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement
Hunan	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement
Jiangsu	10.7–11.0	--	10.8–11.0	--	Bank acceptance settlement

Table 2 - FeV80 (nominal 80% V), assessed September 7, 2023.

Market / Region	Mainstream transactions (×10,000 CNY/t)	Change	Mainstream quotation (×10,000 CNY/t)	Change	Remark
Jinzhou (Liaoning)	17.12–17.6	--	17.28–17.6	--	Bank acceptance settlement

How to Read These Figures

Source nature: the figures are compiled from domestic Chinese market assessments published as industry reference data on September 7, 2023. They are indicative ranges, not exchange-traded, government or firm offer prices.

Unit and basis: all values are in ×10,000 CNY per metric ton (10,000 CNY/t), including tax, with settlement via bank acceptance bill as noted in the source table. No foreign-currency conversion is applied here to avoid distortion; for USD-denominated export offers, contact our sales desk.

Timeliness: ferrovanadium prices are assessed daily and move with upstream raw-material costs and steel-mill purchasing. Treat 2023 figures as historical reference only; request a live quotation for current levels.

Ferrovanadium Grades and Specifications

Ferrovanadium is supplied in grades defined by nominal vanadium content. In China, chemical composition limits (V, C, Si, Al, P, S and others) are specified in the national standard GB/T 4139 (Ferrovanadium); for international trade, ASTM A102 (Standard Specification for Ferrovanadium) and ISO 5451 (Ferrovanadium - specification and delivery conditions) are commonly referenced. Typical grades:

Grade	Nominal V content	Typical use
FeV40	~40%	General steel alloying where lower-cost vanadium units are acceptable
FeV50	~50%	Most traded grade; microalloyed rebar, HSLA plates and structural steel
FeV60	~60%	Higher-yield alloying for demanding steel chemistries
FeV80	~80%	High vanadium yield, lower iron pickup; special steel and titanium-alloy applications

Why Vanadium Matters in Steel

Vanadium is a strong carbide- and nitride-forming element and one of the most cost-effective microalloying additions for high-strength steel. When added in amounts of roughly 0.02–0.15%, vanadium works through two mechanisms: precipitation strengthening - fine V(C,N) particles form during rolling and cooling, raising yield strength; and grain refinement - vanadium nitride particles pin austenite grain boundaries during hot working, giving a finer, tougher final microstructure. In practice this means higher strength with lower alloy cost and better weldability.

Typical consuming products include HRB400/HRB500 high-strength rebar (per GB/T 1499.2), HSLA structural plate, linepipe steel, spring steel, vanadium-alloyed tool and die steels, and high-grade cast irons. For buyers, the practical consequence is simple: specifying FeV50 or FeV80 correctly lets you hit a strength target with the smallest vanadium addition, which is the main lever on alloy cost.

Buyer's Checklist

Grade and chemistry: state the grade (FeV40/50/60/80) and the V-content tolerance and impurity limits you require, referencing GB/T 4139, ASTM A102 or ISO 5451 in your RFQ.

Size and packaging: confirm lump size (e.g., 10–50 mm) or powder mesh, and packaging (e.g., 1 MT jumbo bags or 200–250 kg steel drums, moisture-protected).

Verification: arrange independent sampling and chemical analysis by an accredited laboratory, and agree the acceptance criteria before shipment.

Settlement terms: bank acceptance bill settlement vs cash payment can change the effective price; the figures above assume acceptance-bill settlement.

Quote request: provide quantity, destination port, target price band and delivery window to receive a firm export offer with current pricing.

FAQ

1. What does FeV50 mean?

FeV50 is a ferrovanadium grade with a nominal vanadium content of about 50% by mass; compositional limits are defined in GB/T 4139. FeV80 denotes a higher-vanadium grade of about 80% V, reflected in its wider price premium over FeV50.

2. Are these ferrovanadium prices current?

No. The ranges above are domestic market assessments as of September 7, 2023. Prices are re-assessed daily and move with upstream V2O5 and ferrovanadium-nitride costs, mill purchasing pace and settlement terms. Contact our sales desk for a live offer.

3. Why do ferrovanadium prices differ by region?

Regional differences come from freight, local inventory, mill operating rates and settlement method. On the assessment date FeV50 was uniform across eight regions, while FeV80 was quoted only in Jinzhou - reflecting the thinner market for the high-vanadium grade.

4. What factors drive ferrovanadium prices?

The main drivers are the cost of vanadium feedstocks (vanadium pentoxide V2O5, ferrovanadium nitride), demand from rebar and HSLA producers (e.g., HRB400/HRB500 per GB/T 1499.2), and payment/settlement conditions.

Send an Inquiry

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