The Supply And Demand In The Vanadium Market Is Cautious, Paying Attention To The Alloy Bidding At The End Of The Month

www.ferroalloynet.com: 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: Vanadium nitrogen alloy bidding price was around 164,000-165,000 CNY/Ton in cash yesterday, with manufacturers quoting no less than 168,000 CNY/Ton in cash; Traders are cautious about purchasing at high prices, and retail transactions are weak; Today, we need to pay attention to the final pricing of Anhui Changjiang on vanadium nitrogen alloy. Ferrovanadium manufacturers have quoted at 116,000-120,000 CNY/Ton in cash, but the popularity of downstream procurement inquiries has slightly decreased, and high price transactions have not been followed up yet.
In terms of raw materials, a small number of retail V2O5 flake have a stable high quotation of around 109,000-110,000 CNY/Ton in cash. Downstream alloy factories are mostly waiting for the new round of bidding to become clear at the end of the month. Downstream inquiries are the main focus and there are not many real orders, except for rigid demand, the actual market transactions are few. The sentiment of ammonium metavanadate manufacturers holding back their goods and waiting for an increase is not decreasing, but downstream procurement expectations are currently no more than 103,000 CNY/Ton in cash, and the state of stalemate  reappears.
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