Vanadium Raw Material Prices Continue To Fall, And Alloy Inquiries Are Light
www.ferroalloynet.com: Today, the domestic vanadium raw material prices continue to drop by 2,000 CNY/Ton, and the transaction is still worrying. In the second half of the month, the vanadium alloy market has entered a period of sluggish tender, and the terminal inquiries are relatively small. In addition, the decline in the vanadium market is accelerating, most traders are cautious and hold a wait-and-see attitude. Even if there are inquiries on demand, the price has been pushed down sharply. However, under the pressure of high costs, alloy factories are still reluctant to sell, and scattered transactions are deadlocked.
On the raw material side, small scale V2O5 flake factories are more willing to ship according to the market, and the terminal demand decreases, so they can only continuously lower their quotations to promote transactions. Today, retail V2O5 flake quotation is 116,000-117,000 CNY/Ton in cash, and the price of ammonium metavanadate is 112,000-113,000 CNY/Ton in cash. There are few actual inquiries from downstream, and raw material manufacturers are very passive.
www.ferroalloynet.com
