Transaction Weakens, Strong Wait-and-see Sentiment In Vanadium Market Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 159,000-160,000 CNY/Ton (by acceptance), ferrovanadium is 115,000-116,000 CNY/Ton (by acceptance); retail V2O5 flake is 104,000-105,000 CNY/Ton in cash, and ammonium metavanadate is 100,000-101,000 CNY/Ton in cash.

In terms of alloys: In the middle of the month, the bidding of vanadium-nitrogen alloy was less, and the overall price fell slightly. Most traders hold a wait-and-see attitude to the market and did not buy goods for the time being; vanadium-nitrogen fell to a low level again, and the enthusiasm of vanadium-nitrogen manufacturers for production and quotation was low. The transaction pace of ferrovanadium has slowed down, and the quotations of ferrovanadium are still around 115,000 CNY/Ton in cash, but the transaction at this price is difficult, and traders’ inquiries are expected to drop to around 112,000 CNY/Ton in cash.
In terms of raw materials: the transaction of alloys is weak, and the transactions and inquiries of retail V2O5 flake are small; however, due to the high purchase cost in the early stage, some holders report that they will not make shipments below 104,000 CNY/Ton in cash temporarily, and a small number of retail holders are not optimistic about the outlook for the time being and said that they can negotiate a small price, but the supply of low-priced goods is limited. It is still difficult to find ammonium metavanadate below 100,000 CNY/Ton, and manufacturers offer firm prices.

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