Vanadium Market Is Weak And Stable, And Downstream Factory Waits And Sees The Development Of Steel Mill’s Bidding
www.ferroalloynet.com: Today’s domestic vanadium product quotation summary: ammonium metavanadate is 101,000-102,000 CNY/Ton, retail V2O5 flake is 105,500-106,000 CNY/Ton, ferrovanadium is 114,000-115,000 CNY/Ton, and vanadium-nitrogen alloy is 159,000-160,000 CNY/Ton, all prices are in cash including tax.
Today, the domestic vanadium price remains stable and there is no adjustment for the time being. At the beginning of the week, there was little change in the raw material market. Manufacturers were reluctant to sell at low prices, and the quotations remained stable. Downstream inquiries were generally active. The actual transaction of ammonium metavanadate was 100,000-101,000 CNY/Ton in cash, and the actual transaction of retail V2O5 flake was 105,500-106,000 CNY/Ton in cash, and it is difficult to purchase spot goods below 105,500 CNY/Ton. The performance of the alloy market is weak and stable. The bidding market for vanadium nitrogen alloy is not satisfactory, and it seems to have a downward trend. Under the pressure of costs, manufacturers are reluctant to sell at low prices, and the quotation for spot goods are not lower than 159,000 CNY/Ton in cash. The ferrovanadium market is tepid, manufacturers maintain stable quotations, but the actual transaction volume is relatively small, steel mill’s bidding prices are not high, and traders are cautious in buying goods.
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