Vanadium Alloy Tender Increases, Vanadium Market May Stop Falling And Stabilize
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 144,000-146,000 CNY/Ton (by acceptance), ferrovanadium is 104,000-106,000 CNY/Ton (by acceptance); retail V2O5 flake is 93,000-94,000 CNY/Ton in cash; and ammonium metavanadate is 88,000-89,000 CNY/Ton in cash.
Last Friday, the vanadium-nitrogen alloy bidding price was stabilized at around 144,000-146,000 CNY/Ton (by acceptance). However, the operating rate of manufacturers was still low, and low-price spot stocks were still relatively difficult to find. Currently, some futures quotations in the market are 143,000-144,000 CNY/Ton in cash, the manufacturer’s spot quotation is usually not less than 145,000 CNY/Ton in cash. Traders are mainly waiting and watching, some inquiries are expected to drop to around 140,000 CNY/Ton in cash, and it is not easy to inquire for the time being. The trading of ferrovanadium remains light, and manufacturers are less enthusiastic about quoting.
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