Vanadium Weekly Review During 18 – 22 September, 2023

This week, the domestic vanadium product market turned from weak to strong, and prices stopped falling and rebounded, with an increase ranging from 500 to 4,500 yuan/ton. Before the pricing of V2O5 Flake set by major manufacturers at the beginning of the week, both upstream and downstream were in a wait-and-see mode, and retail sellers were unable to too much orders. Along with the bidding started in advance for stocking up before National Days, quotations from alloy factories rose. On Tuesday, the major V2O5 Flake manufacturers priced at 92,000 yuan/ton by cash, and the order signing was smooth, with all alloy factories accepting orders. Due to the dual support of cost and demand, the price of vanadium-nitrogen alloy bidding from steel took the lead to rise, and the manufacturers’ quotations were firmer. They were confident in market before the holiday and cautious about the post-holiday market. Therefore, the alloy factory said that the price of V2O5 Flake higher than 92,000 yuan/ton was unacceptable. Retail V2O5 Flake sellers were limited at high price orders, and most of them were stockpiled by traders.

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