Vanadium Raw Material Transactions Are Active, Paying Attention To The Vanadium Alloys Bidding Progress From Medium And Large-scale Steel Mills

Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 153,000-156,000 CNY/Ton (by acceptance), ferrovanadium is 109,000-116,000 CNY/Ton (by acceptance); retail V2O5 flake is 102,000-103,000 CNY/Ton in cash, and ammonium metavanadate is 96,000-97,000 CNY/Ton in cash.

In terms of alloys: medium and large steel mills have entered the market one after another to purchase, and vanadium raw materials are still at low prices near the cost line and the supply is limited. Many vanadium nitrogen alloy manufacturers will not quote and discuss the actual order for the time being, and most manufacturers report that the cash below 155,000 CNY/Ton will not be shipped temporarily. Ferrovanadium bidding prices are at a low level for the time being, but  manufacturers are willing to offer no less than 113,000 CNY/Ton in cash; some traders report that it is difficult to inquire at 110,000 CNY/Ton in cash.
In terms of raw materials: Yesterday, a new round of price (98,500 CNY/Ton in cash) was finalized at 100,000 CNY/Ton (by acceptance) by a large V2O5 flake factory. The downstream procurement was active and the signing of orders was smooth. After V2O5 flake fell to a low level, the retail holders were reluctant to sell at low prices, and retail transactions remained stabilized at 102,000-103,000 CNY/Ton in cash. The downstream inquiry intention of ammonium metavanadate mostly does not exceed 95,000 CNY/Ton in cash, but the cost pressure of manufacturers shows that the willingness of price reduction and shipments is low, and the transaction of is temporarily deadlocked at 96,000-97,000 CNY/Ton in cash.
It is necessary to pay attention to the pricing progress of vanadium alloys such as Anhui Changjiang, Shaogang, Egang and Laiwu Steel in the near future.