
Pangang Resumes Vanadium Guide Prices After Mid-Year Suspension
Pangang, China’s top vanadium producer, has restarted its weekly vanadium guide prices as of September 23, following a break since mid-June caused by falling spot prices. The new guide prices are 85,000 yuan/ton for 50% grade ferro-vanadium, and 115,000 yuan/ton for 77% vanadium and 16% nitrogen alloy. The previous guide price in June was 99,000 yuan/ton for the 50% grade.
Pangang has been publishing weekly guide prices since August 2016, responding to changes in market dynamics.
Price Recovery Driven by Stimulus Policies and Holiday Demand
On September 27, vanadium alloy prices rose after the Chinese government introduced new stimulus policies. The announcement spurred demand from steel mills ahead of the National Day holiday, while spot supply remained tight. Ferro-vanadium prices rose to 80,000–81,000 yuan/ton, compared to 78,000–80,000 yuan a day earlier.
Prices for vanadium pentoxide flake also increased, hitting 70,500–71,000 yuan/ton. This was driven by inventory shortages and smaller suppliers raising prices after major producers sold out their September output.
Pangang’s Production Outlook and Titanium Portfolio
In 2023, Pangang produced 49,800 tons of vanadium pentoxide equivalent, up 6.2% from the previous year. The company set a 2024 production target of 44,100 tons. Beyond vanadium, Pangang also holds major capacity in titanium concentrate, titanium slag, and titanium dioxide, positioning itself as a leading player in both sectors.
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