Low-Price Supply Of Retail V2O5 Flake Decreases, And Transaction Stops Falling
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 133,000-136,000 CNY/Ton (by acceptance), ferrovanadium is 99,000-100,000 CNY/Ton (by acceptance), retail V2O5 flake is 85,000-85,500 CNY/Ton in cash, and ammonium metavanadate is 81,000 CNY/Ton in cash.
Firstly, V2O5 flake prices have reached a low level again and downstream inquiries increase; secondly, there are reports that major V2O5 flake manufacturers may adjust prices again, and some retail holders are waiting for major manufacturers to set prices; thirdly, retail holders have limited supply of low-priced goods in the early stage, and they are still reluctant to sell at low prices; affected by various factors, most retail holders of V2O5 flake yesterday afternoon were unwilling to sell at 85,000 CNY/Ton in cash, and the market quotation decreased significantly. A small number of downstream urgent order inquiries are expected to rise slightly to 85,500 CNY/Ton in cash. However, considering that the production of vanadium nitrogen alloys is still under pressure and the pre-holiday transaction period is short, there are also downstream factories feedback that cash purchases exceeding 85,000 CNY/Ton are temporarily not being made. V2O5 flake prices have stopped falling, and ammonium metavanadate manufacturers are reluctant to sell again, with few quotations; however, downstream companies are reluctant to accept high prices for the time being.
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