The Vanadium Market Continues To Be Weak

This week, the transaction price of vanadium products is weakly adjusted by 1,000-3,500 CNY/Ton. Vanadium-nitrogen alloy bidding in the middle of the month is less and the price of raw materials is loose, so the transaction is under pressure and drops to 159,000-160,000 CNY/Ton (by acceptance), traders hold a wait-and-see attitude, and the retail transaction is small. It is difficult to trade ferrovanadium at high prices, the mainstream price has slightly loosened to 115,000-116,000 CNY/Ton (by acceptance), and the actual transaction volume is small. The upside-down of alloy production has increased the pressure on the price of V2O5 flake, and the transaction of retail V2O5 flake has continued to fall to around 103,000-104,000 CNY/Ton in cash, and the decline in V2O5 flake has accelerated, downstream purchases are extremely cautious, and rigid demand is the main deal. It is not easy to trade ammonium metavanadate at high prices, but under the support of cost, most manufacturers are still unwilling to sell below 100,000 CNY/Ton in cash.