Supply And Demand In Vanadium Market Are Trading Cautiously
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 136,000-137,000 CNY/Ton (by acceptance), ferrovanadium is 100,000-101,000 CNY/Ton (by acceptance); retail V2O5 flake is 90,000 CNY/Ton in cash, and ammonium metavanadate is 87,000-88,000 CNY/Ton in cash.
In terms of alloys: Transactions of vanadium-nitrogen alloys are temporarily stable, but the pricing of major V2O5 flake manufacturers remains at 92,000 CNY/Ton in cash. The pressure on the production cost of vanadium-nitrogen alloys has doubled. Some manufacturers have not quoted prices for the time being and are waiting to see the market. The supply of low-priced goods in the market is limited. The trading volume of ferrovanadium is relatively light, with manufacturers’ quotations remaining at 101,000-102,000 CNY/Ton in cash. Steel mill’s bidding decreased in the middle of the month, and traders mostly stayed on the sidelines.
For more information, please visit: https://www.ferroalloynet.com/analysis/supply_and_demand_in_vanadium_market_are_trading_cautiously.html
