Lower Alloy Prices, Slow Transactions In Vanadium Raw Materials

www.ferroalloynet.com: The transaction price of vanadium alloy declined rapidly, and the wait-and-see mentality of raw materials was obvious. In the case of long-term stagnation of V2O5 flake, the quotations of 122,000-123,000 CNY/Ton in cash increased yesterday, but the actual transaction is still difficult. Today, the mainstream transaction price of V2O5 flake fell to 121,000-122,000 CNY/Ton in cash. With the decline of V2O5 flake market, V2O5 powder market was also sluggish, large scale manufacturers in Hebei still said that it would not give offers for the time being; chemical V2O5 powder98 transaction price fell to 127,000-130,000 CNY/Ton in cash; the price of chemical V2O5 powder99 is 136,000-140,000 CNY/Ton in cash.

Ammonium metavanadate was affected by the overall weak downstream market, and the manufacturers’ higher quotations decreased. Most of them made small adjustments to the market. The mainstream transaction was around 116,000-117,000 CNY/Ton in cash.