Retail V2O5 Flake Price Rose Slightly
www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metavanadate is 101,000-102,000 CNY/Ton, V2O5 flake is 105,500-106,000 CNY/Ton, ferrovanadium is 114,000-115,000 CNY/Ton, and vanadium-nitrogen alloy is 160,000-162,000 CNY/Ton, are prices are in cash including tax.
Today, the price of V2O5 flake is raised by 500 CNY/Ton. Recently, V2O5 flake price has been in a state of stalemate, most manufacturers ship according to the market, and some manufacturers are reluctant to sell at low prices and do not ship temporarily. As the price of V2O5 flake fell back to 105,000 CNY/Ton in cash again, traders’ enthusiasm for inquiries increased, and the price of the holders was raised to 105,500-106,000 CNY/Ton in cash under the mentality of hopeful growth, the low-priced resources of V2O5 flake decreased, and the transaction prices rebounded slightly. At present, downstream alloy factories are not very enthusiastic about purchasing V2O5 flake higher than 105,000 CNY/Ton in cash. On the one hand, the alloy market is stable and the transaction price is not high, so cost needs to be strictly controlled; On the other hand, the current stock of raw materials is sufficient, waiting for a new round of orders from major V2O5 flake manufacturers. Tranvic said that in August, the long-term unit price of V2O5 flake will be 108,000 CNY/Ton (by acceptance with tax) (106,500 CNY/Ton in cash), and it is expected to start signing orders in the near future.
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