Vanadium Raw Materials Holders Suspend Making Offers, And The Quotation Of Vanadium Alloys Rises Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 165,000-167,000 CNY/Ton (by acceptance), ferrovanadium is 117,000-118,000 CNY/Ton (by acceptance); retail V2O5 flake is 107,000-108,000 CNY/Ton in cash, and ammonium metavanadate is 102,000-103,000 CNY/Ton in cash.

In terms of alloys, the support for rising raw material costs is strong. Vanadium nitrogen alloy manufacturers have a strong upward mindset, with some quotes ranging from 168,000 to 170,000 CNY/Ton in cash. Currently, it is difficult to inquire about goods in the market below 165,000 CNY/Ton in cash. The price quoted by the ferrovanadium manufacturer is around 118,000-120,000 CNY/Ton in cash, mainly following the increase in the price of V2O5 flake; Some manufacturers have reported an increase in downstream inquiries, but their acceptance of high prices is currently not high. As for alloys, the attention should be paid to the latest round of bidding at the end of the month.
In terms of raw materials, most retail V2O5 flake holders suspend making offers, with a small amount of quotations rising to around 110,000 CNY/Ton in cash. Downstream inquiries range from 107,000 to 108,000 CNY/Ton in cash, making it difficult to find sources of goods at this price. However, the acceptance of further high prices by vanadium alloy manufacturers is currently not high, and both supply and demand sides are showing caution in their trading. The price of V2O5 flake has increased, and some ammonium metavanadate manufacturers have stated that they will not ship below 105,000 CNY/Ton in cash; Alloy and chemical V2O5 powder manufacturers are still in a wait-and-see state towards high prices, and actual transactions are not many.