Transactions Of Vanadium Products Stopped Falling And Rebounded Slightly
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 135,000-138,000 CNY/Ton (by acceptance), ferrovanadium is 99,000-100,000 CNY/Ton (by acceptance), retail V2O5 flake is 85,500-86,000 CNY/Ton in cash, and ammonium metavanadate is 81,000 CNY/Ton in cash.
When the market resumed at the beginning of the week, the supply and demand of vanadium products became more cautious, with few market quotations. The bidding price of vanadium-nitrogen alloy rose to 136,900 CNY/Ton in cash at Qujing Chenggang Steel Co., Ltd. last Friday. Vanadium-nitrogen factories were reluctant to sell and the bullish sentiment increased, and most were unwilling to quote for shipment. Due to the rebound in the price of V2O5 flake, the quotation was raised to 140,000 CNY/Ton in cash for a small amount today; some traders deliver orders for inquiries and offer prices as high as 133,000-134,000 CNY/Ton in cash, and it is difficult to find spot goods, but their intention to take orders at high prices is not high yet. Ferrovanadium plants offer a small amount of 99,900-100,000 CNY/Ton in cash, and the supply of low-priced goods is reduced; however, downstream demand is weak, and it is still difficult to transact at high prices.
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