Retail V2O5 Flake Fell Slightly, And The Wait-and-see Sentiment In The Vanadium Market Was Strong
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 160,000-162,000 CNY/Ton (by acceptance), ferrovanadium is 116,000-117,000 CNY/Ton (by acceptance); retail V2O5 flake is 105,000-105,500 CNY/Ton in cash, and ammonium metavanadate is 101,000 CNY/Ton in cash.
In terms of alloys: after the decline in steel mill’s tender, traders’ inquiries fell to about 155,000-156,000 CNY/Ton in cash; due to the pressure on production costs, vanadium-nitrogen alloy manufacturers are temporarily reluctant to sell at low prices, quoting at 158,000-161,000 CNY/Ton in cash. The high quotations of ferrovanadium decreased, and the quotations in Liaoning area were mainly in cash at 115,000-116,000 CNY/Ton; individual steel mill’s bidding prices stabilized, but traders purchased cautiously, and retail transactions were few.
In terms of raw materials: the downstream has a strong wait-and-see sentiment towards retail V2O5 flake, and some downstream purchases are expected to be reduced to less than 105,000 CNY/Ton in cash. It is difficult to trade V2O5 flake at high prices, and the shipping attitudes of the holders are different, but most of them say that they will not sell the goods below 105,000 CNY/Ton, and very few companies are bearish about market outlook. The price of V2O5 flake has fallen, and it is also difficult to trade ammonium metavanadate at high prices, but it is still difficult to find sources below 101,000 CNY/Ton in cash.
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