The Supply And Demand Game In The Vanadium Market Continues, And The Overall Transaction Stabilizes

Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 152,000-156,000 CNY/Ton (by acceptance), ferrovanadium is 109,000-114,000 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.

Alloys: Vanadium-Nitrogen alloys have been priced at 152,000-155,000 CNY/Ton (by acceptance) in the last two days; traders are still difficult to inquire about goods at low prices, and retail transactions are around 152,000-153,000 CNY/Ton in cash; cost pressures still exists, and manufacturers are more cautious in quoting and shipping. The quotations of ferrovanadium are firm at about 114,000-115,000 CNY/Ton in cash. Downstream traders are actively inquiring, but most of the purchases are expected to be around 110,000 CNY/Ton in cash. It is difficult to find sources at this price.
In terms of raw materials: the increase in alloy is slightly weak, the downstream acceptance of high-level vanadium raw material sources has decreased, and the overall purchasing and inquiry enthusiasm has weakened, and retail V2O5 flake transactions have temporarily stalemate at 102,000-103,000 CNY/Ton in cash. The mood of reluctance to sell and hope for growth remains undiminished, with low shipment intentions. The transaction of ammonium metavanadate is temporarily maintained at 96,000-97,000 CNY/Ton in cash. It is not easy to trade at a high level, but manufacturers are unwilling to ship at low prices.
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