The Bidding Price Of Vanadium Nitrogen Alloy Rose Slightly Compared With Last Week

www.ferroalloynet.com: Today’s quotation summary of domestic vanadium products: ammonium metavanadate98% is 98,000-100,000 CNY/Ton, retail V2O5 flake is 104,000-105,000 CNY/Ton, ferrovanadium is 115,000-118,000 CNY/Ton, and vanadium-nitrogen alloy is 158,000-160,000 CNY/Ton, all prices are in cash including tax.

The domestic vanadium price rose by 1,000-2,000 CNY/Ton today. First of all, it can be seen from yesterday’s alloy bidding that the quotations of alloy have risen, and it has become more difficult for steel mills to lower prices. The bidding price of vanadium-nitrogen alloy rose from 152,000 CNY/Ton (by acceptance with tax) last week to 155,000 CNY/Ton, and the price of ferrovanadium  also reached 110,000 CNY/Ton. The quotations of alloy from factories are stable and high, with a positive and cautious attitude. On the one hand, there is a breakthrough in steel mill’s bidding, and on the other hand, the cost is supported. After the shipment of V2O5 flake from large factories, the price of retail V2O5 flake has risen, and most V2O5 flake manufacturers are  unwilling to sell at low prices. At present, it is difficult to purchase V2O5 flake below 103,000 CNY/Ton in cash and ammonium metavanadate below 98,000 CNY/Ton in cash. In the face of higher-priced raw materials, the acceptance of alloy factories is relatively limited, and the upstream and downstream are once again in a stalemate.
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