Vanadium Products Continue To Weaken, Supply And Demand Are Trading Cautiously
www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium-nitrogen alloy is 137,000-139,000 CNY/Ton (by acceptance), ferrovanadium is 101,000-102,000 CNY/Ton (by acceptance); retail V2O5 flake is 89,000-90,000 CNY/Ton in cash, and ammonium metavanadate is 87,000-88,000 CNY/Ton in cash.
In terms of alloys: Vanadium-nitrogen alloys remain weak, and traders’ inquiries are expected to be within 135,000 CNY/Ton in cash. However, production is facing an inversion, and most manufacturers are temporarily unwilling to sell at low prices. In the middle of the month, steel mill’s bidding was sporadic and overall transactions continued to decline. Vanadium-nitrogen alloy manufacturers were less active in production and quotation. The trading volume of fervanadium was sluggish, the manufacturer’s quotation was 102,000-103,000 CNY/Ton in cash, and it was difficult to make a transaction.
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