If you are asking about China domestic ferrovanadium spot prices in 2026, this page does two jobs. It shows where FeV50 stood on November 6 and how it moved since January, and it sets out what industry sources say pushed it there. All data run through November 6, 2026. This is not a full-year summary.

China Domestic FeV50 Prices on November 6, 2026

At the end of the chart, the domestic FeV50 price sits at roughly 78,500–79,500 CNY/t of alloy, near the low end of the range the chart shows for 2026. The source is the FeV50 chart from Ferroalloy Online (CNFEOL) for January 1 to November 6, 2026, marked tax-inclusive bank acceptance.

We did not have the daily reports behind the chart, so every number in this section and the next is approximate and read from the chart. Do not treat any of them as today’s live price or as a price at which a trade was done.

China FeV50 Price Chart and 2026 Turning Points

All ranges are estimated from the chart, basis tax-inclusive bank acceptance, CNY per metric tonne of alloy. Using the middle of each range, the early-March high was about 14% above mid-June, and the November 6 level is roughly 18% below that high and roughly 7% below the start of the year. Those percentages are our own arithmetic on chart readings.

What Drove China’s FeV50 Price in 2026?

The chart records how the price moved. The reasons come from industry reports, which we cite below by source and date. Three forces appear again and again. Feedstock: ferrovanadium is made from vanadium pentoxide and vanadium slag, so how much of these is on offer, and what they cost, shapes what producers need to charge. Steel demand: most vanadium goes into steel, and mills buy ferrovanadium through tenders, so their appetite sets the pace. Inventory: stocks held by producers and traders decide how much pressure sits on the spot price.

January to March: Tight Feedstock and Firmer Steel Buying

Investing News Network’s H1 2026 review says China’s ferrovanadium index rose about 24% quarter on quarter in the first quarter, and puts the gain down to tightening feedstock availability, higher production costs and steadier steel buying. It also notes that stricter rebar standards introduced in 2025 mean each tonne of Chinese steel now needs more vanadium.

A market commentary from early March (on a user-contributed finance page, so treat it as colour, not as a primary source) adds detail: environmental and energy controls had pushed many small stone-coal vanadium plants to stop production, steel mills released purchasing after the holiday, and the GB 1499.2-2024 rebar standard was lifting use of vanadium-bearing steel. It also put FeV50 at about 95,000 CNY/t in early March, close to the chart high, though it does not give a basis.

March to June: Supply Returns While Steel Demand Softens

Two sources describe the turn. Metalnomist reports that vanadium pentoxide output rose 7.6% year on year in January–April and vanadium-bearing steel slag output rose 8%, with a new 10,000 t/yr flake line starting in Hebei in February. On the demand side it cites rebar output down 8.6% year on year over the same period and steelmaker purchases of vanadium alloys in April down an estimated 17% year on year. Tender prices fell, and alloy producers cut their procurement bids in late April.

A Changjiang Nonferrous Metals Network report of June 9 describes the same picture from the market side: loose raw material supply, upstream stocks that had not eased, a sharp fall in vanadium pentoxide that removed the cost floor under ferrovanadium, mills cautious on purchases, more blast furnace maintenance, and tender prices pressed lower. It expected FeV to stay weak and range-bound near its lows.

June to September: Low Prices, Output Cuts and a Rebound

From mid-June the chart moves sideways at a low level, dips in late August and then bounces. The same Changjiang report notes that producers’ margins were squeezed, some faced losses, and output had slowed. Global Ferroalloy Network’s early-September note says prices began to rebound slightly because large producers cut output for maintenance and raw material supply tightened, because it became harder to buy at low prices, and because spot deals picked up a little as steel prices kept rising. We could read only the summary of that note, so we do not quote its figures.

September to November 6: Back Toward the Lows

The chart gives back the September rebound and ends roughly 5% below the early-September range. Seeking Alpha’s October 28 summary says China spot vanadium pentoxide and ferrovanadium prices were slightly lower over the past month and remain at quite low levels. It gives no cause. We have not found a source that explains the October to November move, so we do not offer an explanation.

What to Watch Next for China FeV50 Prices

These are the views of the sources, not our forecast. The Changjiang report says a reversal would need three things: steel demand recovering, especially property and infrastructure; large cuts in upstream output; and faster rollout of vanadium battery storage projects. It advises watching the drawdown of inventories and capacity leaving the market near cost levels. Investing News Network reports that analysts expect a modest deficit by late 2026, which could support prices into 2027, though timing depends on how quickly Chinese producers respond to better margins, and one Fastmarkets analyst thinks vanadium is losing ground to lithium iron phosphate in energy storage.

As of November 6, the chart does not yet show a turn. If you buy FeV50, the practical points are to watch steel-mill tender prices, feedstock prices and producer output news, and to confirm any quotation against your own requirement.

How China’s FeV50 Spot Price Is Quoted

Domestic ferrovanadium prices are quoted in CNY per tonne of alloy, the unit used here. The chart plots a high and a low value for each date. Those are not the same as a quoted price and a traded price. Nor should you assume the chart shows an ex-works or a delivered price, because it does not say.

FeV50 Cash vs. Bank Acceptance Prices

Some price reports list a cash row and a bank acceptance row for the same grade on the same day. The two rows differ in payment terms, and in some reports they also cover different groups of suppliers. So the gap between them cannot be put down to acceptance terms alone. Our chart is the acceptance, tax-inclusive series. Do not mix it with a cash price from another source in the same table.

China Domestic FeV50 Prices vs. FOB Quotes

A domestic price that includes tax and is paid by bank acceptance is not an FOB quote with an exchange rate applied. An FOB quote has its own delivery point and terms. Converting the domestic figure at the exchange rate will not give you a price you can compare or rely on. Before you compare any two FeV50 prices, line these up:

• Date of the quote.
• Grade, for example FeV50 and not FeV80.
• Unit, such as CNY per tonne of alloy.
• Tax treatment.
• Payment terms.
• Delivery terms and place.

If you need the specifications behind these grades, see our ferrovanadium grades and specifications. To confirm an actual quotation, send us the grade, quantity and delivery place and we will check it against your requirement.

Send Your FeV50 Requirements

China FeV50 Spot Price FAQs

Does this page track FeV50 or FeV80?

FeV50 only. It does not cover FeV80 or any other vanadium product.

Are the price ranges actual transaction prices?

No. They are approximate readings of the highest and lowest values on a chart. They are not exact quotes or confirmed trades.

Why did FeV50 fall after the March high?

Industry reports point to more feedstock supply, weaker steel demand, high stocks and lower mill tender prices. The chart shows the fall but cannot prove which factor mattered most.

Can I use the domestic price to estimate an FOB price?

Not reliably. The domestic figure is tax-inclusive and on a bank acceptance basis, while an FOB quote has its own terms. Ask for an FOB quotation instead.

Is this a live price?

No. The data run through November 6, 2026, and are read from a chart. For a current quote, send us your requirement.

Sources

• Ferroalloy Online (CNFEOL): FeV50 price chart, January 1 to November 6, 2026.
• Investing News Network: Vanadium Market Trends: H1 2026 Review and Forecast, August 4, 2026.
• The Metalnomist: China Vanadium Prices Weaken as Supply Rises and Steel Demand Slows, 2026.
• Changjiang Nonferrous Metals Network (via worldmr.net): market report of June 9, 2026, published June 10.
• Global Ferroalloy Network: domestic vanadium analysis, September 2, 2026 (summary only).
• Eastmoney Caifuhao: user-contributed market commentary, March 5, 2026.
• Seeking Alpha: Vanadium Miners News for the Month of October 2026, October 28, 2026.