The Performance Of Ferrovanadium Bidding Market Is Weak

Today’s domestic ferrovanadium price is reduced by 500 CNY/Ton. Recently, the performance of ferrovanadium bidding market is relatively weak, and the mainstream transaction prices tend to be at the mid-to-low level, at 114,000-115,000 CNY/Ton (by acceptance with tax). The transaction of ferrovanadium dropped slightly for three reasons. Firstly, the cost support is insufficient. Although the latest long-term unit prices increase of major V2O5 flake plants, the mainstream V2O5 flake prices in July were mostly 103,500-106,500 CNY/Ton, with highs and lows; The second is the continuous impact of imported V2O5 flake, and the use of imported V2O5 flake by alloy factories can reduce costs appropriately; Thirdly, the manufacturers lack confidence in the short-term market trend, have a slight profit, and have a high willingness to sell. The quotations of other vanadium products remained stable today, retail transactions of vanadium-nitrogen alloys were few, and there was no lower quotation for V2O5 flake. The overall domestic vanadium market was running smoothly.