Poor Enthusiasm For V2O5 Flake Inquiries, Alloy Plants Make Purchases Cautiously

www.ferroalloynet.com: Today, the upstream vanadium raw material prices are temporarily stable. Ammonium metavanadate is quoted in cash at 120,000-121,000 CNY/Ton, and retail V2O5 flake is quoted at 127,000-129,000 CNY/Ton in cash. There is no adjustment from the previous working day, the transaction situation is not optimistic, downstream alloy factories generally wait and see, without suitable orders, procurement slows down, preferring to suspend production for short-term heat preservation.

Judging from the current transaction price of vanadium-nitrogen alloys, the bidding price of steel mill is 190,000-192,000 CNY/Ton (by acceptance with tax), and the cash price of bulk cargo is 184,000-185,000 CNY/Ton. The cost of VN alloy is also 188,000-190,000 CNY/Ton, even if the purchase price of V2O5 flake is 126,000-127,000 CNY/Ton in cash, the alloy factory is still in the state of upside-down production, and the pressure has increased sharply. In addition, the current market has not stabilized, the short-term alloy market is still under pressure. Manufacturers are very cautious in purchasing raw materials, inquiry is extremely poor. Therefore, today’s V2O5 flake quotation is 127,000 CNY/Ton in cash, and ammonium metavanadate quotation is 120,000 CNY/Ton, the transaction is difficult.