The Stalemate In The Domestic Vanadium Market Remains Undiminished
www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metavanadate is 101,000-102,000 CNY/Ton, V2O5 flake is 106,000-106,500 CNY/Ton, ferrovanadium is 115,000-116,000 CNY/Ton, and vanadium-nitrogen alloy is 160,000-162,000 CNY/Ton, all prices are in cash including tax.
The price of ferrovanadium was lowered by 1,000 CNY/Ton today. The demand weakened, the raw material market was weak and stable, the cost and demand support were weak, and the transaction price of ferrovanadium fell slightly. At present, the quotations of ferrovanadium are stable, steel mill’s bidding is limited, retail inquiries are relatively small, and trading is light. Although the market for V2O5 flake is weak and stable, with more quotations and shipments, the overall fluctuation range is relatively small, and the cost pressure of ferrovanadium manufacturers is still unabated. Therefore, the intention of continuing to sell at lower prices is not strong, and the atmosphere of market stalemate is becoming more and more intense. Manufacturers can only continue to hold a wait-and-see attitude.
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