Retail V2O5 Flake Transactions Rose, And The Bidding Price Of Vanadium-nitrogen Alloy Became Stronger
www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metaammonium is 101,000-102,000 CNY/Ton; retail V2O5 flake is 105,000-106,000 CNY/Ton, ferrovanadium is 114,000-115,000 CNY/Ton, and vanadium-nitrogen alloy is 158,000-160,000 CNY/Ton, all prices are in cash including tax.
Domestic vanadium prices rise slightly today, among which ammonium metavanadate and V2O5 flake were raised by 1,000 CNY/Ton, vanadium nitrogen alloy rose by 2,500 CNY/Ton, and ferrovanadium was temporarily stable. In June, due to maintenance and other problems, the output of V2O5 flake from mainstream manufacturers decreased slightly, and the price is expected to be set next week. The quotations of retail V2O5 flake were strong, and the transaction rose to 105,000 CNY/Ton in cash. Ammonium metavanadate manufacturers were reluctant to sell at low prices. Under the support of costs, the quotations of downstream alloy factories rose. Yesterday, the vanadium-nitrogen alloy bidding took the lead to lead the rise to 159,000-161,000 CNY/Ton (by acceptance with tax), which boosted the confidence of vanadium enterprises, reduced low-priced resources in the market, and retail transactions gradually moved closer to the mid-to-high level. Today, paying attention to the bidding situation of Shaogang, Laiwu Iron and Steel, and Chongqing Iron and Steel.
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