V2O5 Flake Fluctuate Within A Narrow Range, Traders Are Less Motivated To Operate
www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metavanadate is 99,000-100,000 CNY/Ton, retail V2O5 flake is 102,000-103,000 CNY/Ton, ferrovanadium is 113,000-115,000 CNY/Ton, and vanadium-nitrogen alloy is 154,000-156,000 CNY/Ton, all prices are in cash including tax.
Today’s domestic vanadium price is lowered by 1,000 CNY/Ton. Recently, the vanadium market has weakened and the market has been under pressure. Some vanadium companies are cautious about the market outlook. The quotation of V2O5 flake increased slightly, while the downstream alloy factories continued to hold a wait-and-see attitude, and the procurement slowed down. In addition,V2O5 flake fluctuated and hovered at 102,000-107,000 CNY/Ton in cash in the past three months. Generally speaking, for traders, the operating space is small, and the intention to stock up again is greatly reduced, so the transaction of V2O5 flake is not good. Today, the quotation from the alloy factory is stable, waiting for the pricing guidance of the steel mills.
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