Retail V2O5 Flake Is Deadlocked In A Narrow Range
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 164,000-165,000 CNY/Ton (by acceptance), ferrovanadium is 114,000-117,000 CNY/Ton (by acceptance); retail V2O5 flake is 105,500-106,000 CNY/Ton in cash, and ammonium metavanadate is 100,500-101,500 CNY/Ton in cash.
In terms of alloys: in the middle of the month, vanadium-nitrogen alloy bidding was sparse, and the pace of transactions was slow, but the low prices of raw materials were hard to find. Manufacturers’ quotations remained at around 162,000-163,000 CNY/Ton in cash; traders were reluctant to accept orders at high prices, and retail market transactions were light. Ferrovanadium bidding continue to be released, and manufacturer is waiting for the bidding price trend to be clear, and the quotation is mostly still 115,000-116,000 CNY/Ton in cash.
In terms of raw materials: Some retail V2O5 flake holders are still reluctant to sell, and the quotation is firm at 106,000 CNY/Ton in cash, and they will not make shipments at low prices temporarily; However, downstream alloy factories are expected to purchase V2O5 flake at 105,000-105,500 CNY/Ton in cash, the supply and demand sides are at a stalemate, and the market transactions are few. The transaction of ammonium metavanadate is slightly loose, and the mainstream transaction price is 101,000 CNY/Ton in cash, and alloy factories do not accept orders higher than this price.
www.ferroalloynet.com
