Strong Wait-and-see Atmosphere In The Vanadium Market, Manufacturers Are Reluctant To Sell And Offer Higher Prices

There is no adjustment for domestic vanadium price today. At the beginning of the week, the vanadium market had a strong wait-and-see atmosphere, manufacturers were reluctant to sell, and the overall quotation intention was not high. It is obvious that it is more difficult to purchase various vanadium products at low prices. Inquiry at the raw material side is gradually active, and some traders are gradually buying goods, while V2O5 flake manufacturers are bullish and hold a wait-and-see attitude. At present, it is difficult to purchase V2O5 flake below 103,000 CNY/Ton in cash. Some ammonium metavanadate manufacturers quoted at 98,000-100,000 CNY/Ton in cash, a slight increase from last week. At the alloy end, most vanadium-nitrogen alloy factories do not offer quotations for the time being, and individual manufacturers give offer prices at 160,000 CNY/Ton in cash; the quotations for ferrovanadium are relatively clear, among which Jinzhou manufacturers give offers at 115,000-116,000 CNY/Ton in cash, and the spot resources of ferrovanadium in large factories are tight, the quotation is 118,000-119,000 CNY/Ton in cash. This week, on the one hand, we will pay attention to the development of alloy bidding situation, and on the other hand, the shipment of retail V2O5 flake.

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