The V2O5 Flake Market Is Under Pressure
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.
Today, the price of V2O5 flake is reduced by 500 CNY/Ton. Affected by the drop in the alloy market, the V2O5 flake market was under pressure. Today, the quotation of retail V2O5 flake was slightly lowered to 106,000 CNY/Ton in cash. As the market atmosphere weakened, the purchasing attitude of downstream alloy factories became more cautious, and the price of V2O5 flake is expected to be adjusted to 105,500 CNY/Ton in cash, while the holders are not lacking in reluctance to sell, so the transaction has once again fallen into a stalemate. At present, the bidding of medium and large steel mills has basically ended, and the demand support is insufficient. Some alloy plants have slightly lowered their quotations, but the transaction situation is not satisfactory.
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