As of now, the market price for VE 50% feed-grade in South America is $7.2 to $7.75, in North America it is $7.5 to $9, and in Europe it is 5.8 to 6.5 euros (equivalent to $6.85 to $7.65). In the domestic market, the transaction price has rapidly risen from 56 yuan to over 60 yuan after the New Year, with no willingness to ship.
Some manufacturers have quoted FOB prices at $7.5 or suspended exports, while the transaction prices in the export market have also risen to $7–7.2. Exporters are unwilling to ship below $7, and even within the $7–7.2 range, shipments are primarily tentative and limited to small-to-medium orders. This is due to widespread market expectations of rising VE prices, making it difficult to replenish low-cost inventory if current stock is sold.
After the holiday, none of the manufacturers have officially provided quotations or signed orders yet. Some domestic manufacturers won’t resume work until next week. According to pre-holiday reports, most major manufacturers’ orders are already booked up until April. Additionally, reliable sources indicate that new manufacturers may not begin shipments until the second half of 2026, with some reports even suggesting potential delays until 2027. Even in cases of early shipments, they are most likely limited to small trial sales and market verification, aimed at customer development and market testing.
Based on the above considerations, we estimate that in early March, with an export FOB price of $7.5 and a domestic price of around 65 yuan, manufacturers will likely sign limited orders with key long-term clients before the export market price approaches $8 and the domestic market price moves closer to 68-70 yuan. Subsequently, manufacturers may raise prices again, increasing export quotes to $9-10 and domestic quotes to 75-80 yuan or even higher, potentially far exceeding expectations.
Post time: Feb-28-2026