It Is Hard To Find Vanadium Raw Material At Low Prices, And Alloy Factories Are In A Strong Mood

In terms of alloys: the bidding price of vanadium-nitrogen alloy remained at around 164,000-166,000 CNY/Ton (by acceptance), an increase of 3,000 CNY/Ton from last week. With the continuous release of steel mill’s bidding and strong cost support, the transaction of vanadium nitrogen alloy continued to rise slightly; however, traders purchased cautiously, and retail transactions were relatively light. Ferrovanadium bidding is relatively concentrated, Liaoning manufacturers give offer prices no less than 115,000 CNY/Ton in cash, and most of the transactions are 117,000-118,000 CNY/Ton (by acceptance), about 2,500 CNY/Ton higher than last week.

In terms of raw materials: the spot transaction of retail V2O5 flake is mainly 106,500-107,000 CNY/Ton in cash, and the price of some futures signed yesterday was 106,000-106,300 CNY/Ton in cash. As the growth rate of vanadium alloy transactions is not high for the time being, most alloy factories have little intention to take orders at high prices for V2O5 flake, but the low-priced spot goods are relatively limited. The transaction of ammonium metavanadate is still  101,000-102,000 CNY/Ton in cash, and the high-price transactions are mainly due to the rigid demand orders of chemical companies. The purchase of ammonium metavanadate by alloy factories is still expected to not exceed 102,000 CNY/Ton in cash.

Next week, Shaogang, Egang, etc. will enter the market to purchase one after another, and continue to pay attention to the progress of vanadium alloy bidding; it is expected that the vanadium market will continue to be strong in the short term.