Retail V2O5 Flake Continues To Rise Slightly, And Ferrovanadium Bidding Price Increases
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 163,000-165,000 CNY/Ton (by acceptance), ferrovanadium is 116,000-117,000 CNY/Ton (by acceptance); retail V2O5 flake is 106,500-107,000 CNY/Ton in cash, and ammonium metavanadate is 101,000-102,000 CNY/Ton in cash.
In terms of alloys: there were not many bidding for vanadium-nitrogen alloys at the beginning of the month, traders remained on the sidelines for high-priced supply, and retail transactions remained light; manufacturers’ quotations remained at around 162,000-165,000 CNY/Ton in cash. Medium and large scale ferrovanadium steel mills entered the market one after another to purchase, and ferrovanadium manufacturers were in a strong mood to support the price. Yesterday, there were biddings of 115,000-117,000 CNY/Ton in cash, but the mainstream price was basically 115,000 CNY/Ton. Traders are still more cautious in purchasing, and manufacturers in Liaoning give offer prices at 115,000-117,000 CNY/Ton in cash.
In terms of raw materials: the transaction of retail V2O5 flake continued to rise slightly, large V2O5 flake plants signed orders in cash of 106,500 CNY/Ton smoothly, and retail sources of goods were also gradually followed up at this price, and it was difficult to find sources below 106,500 CNY/Ton in cash; a small number of traders purchased sources from large factories at 107,000 CNY/Ton in cash, and the intention of alloy factories to take orders at this price is not high for the time being. The transaction of ammonium metavanadate is temporarily deadlocked at 101,000-102,000 CNY/Ton in cash, and the status of stalemate will not change.
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