Vanadium Market Is Deadlocked Again, Actual Transaction Slows Down There is a strong wait-and-see atmosphere in the vanadium market, and both the supply and demand sides continue to see a stalemate. The vanadium-nitrogen alloy transaction was weak and stable at 163,000-166,000 CNY/Ton (by acceptance), and the actual transaction volume was relatively small except for steel bids; cost pressures were still there, and some manufacturers who placed orders were reluctant to accept orders at low prices. The transaction of ferrovanadium continued to be stable, and the mainstream transaction was 118,00-120,000 CNY/Ton (by acceptance). Due to the lack of recent transactions, the high price in the market decreased.

The alloy market is still passive and remains cautious in purchasing raw materials. The quotations of retail V2O5 flake are mostly still 107,000-108,000 CNY/Ton in cash; the ammonium metavanadate manufacturers make quotations actively, and the transaction is still around 101,000-102,000 CNY/Ton in cash, and the low-price supply is not available.
The vanadium market is again stuck in a deadlock where high prices are difficult to trade and low prices are reluctant to sell. At present, people in the vanadium industry have different views on the market outlook and continue to pay attention to the purchase of alloys by large steel mills at the beginning of the month.