Pricing By Major Manufacturers Boosts Transaction Price And Widens Market Price Differences
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 139,000-142,000 CNY/Ton (by acceptance), ferrovanadium is 100,000-102,000 CNY/Ton (by acceptance), retail V2O5 flake is 87,000 CNY/Ton in cash, and ammonium metavanadate is 82,000 CNY/Ton in cash.
Major V2O5 flake manufacturers finalized a new round of long-term order execution price yesterday afternoon and continued to maintain a stable cash price of 96,500 CNY/Ton, which is much higher than market expectations. Market confidence has been boosted, but the actual transaction was slightly chaotic. Before the pricing of major manufacturers, the number of downstream inquiries is expected to be no more than 86,000 CNY/Ton in cash, but it is difficult to find goods. The transaction in the retail market is around 86,000-87,000 CNY/Ton in cash; after the pricing of major manufacturers is finalized, most retail holders suspend making offers, and they are reluctant to sell at low prices. However, the bidding price of mainstream vanadium alloy is still low, and most alloy factories have indicated that they will not accept high prices from retail and large enterprises for the time being.
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