Cautious Supply And Demand Trading, Vanadium Market Continues To Operate Within A Narrow Range
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 163,000-164,000 CNY/Ton (by acceptance), ferrovanadium is 114,000-116,000 CNY/Ton (by acceptance); retail V2O5 flake is 105,500-106,000 CNY/Ton in cash, and ammonium metavanadate is 100,000-101,000 CNY/Ton in cash.
In terms of alloys: the transaction of vanadium nitrogen remained weak, and the market transaction was light; in the middle of the month, there were few bidding from steel mills, and traders mainly waited and watched the market. However, the production cost pressure of vanadium nitrogen is still there, and the market quotation is still around 161,000-163,000 CNY/Ton in cash, the actual transaction is not easy. Liaoning ferrovanadium manufacturers mainly give offer prices at 114,000-115,000 CNY/Ton in cash, and retail holders of large factories give offers at about 117,000-118,000 CNY/Ton in cash; However, steel mill’s bidding is stable and weak at around 115,000 CNY/Ton (by acceptance), and traders are cautious about purchasing at high prices. Insiders are paying attention to the final pricing of VN alloy from Yangchun New Iron and Steel and Laiwu Steel today.
In terms of raw materials: the transaction of retail V2O5 flake continues to be stalemate at 105,500-106,000 CNY/Ton in cash, and the purchase of alloy plants is expected to be no more than 105,500 CNY/Ton, but the overall downstream willingness to accept orders at high prices was low. The transaction of ammonium metavanadate is not much, a small number of chemical companies mainly purchase on demand, and the alloy factory still hold a wait-and-see attitude to the high prices.
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