Vanadium Raw Materials Fell Negatively, And The Alloy Market Was Under Pressure
www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metavanadate is 99,000-101,000 CNY/Ton, retail V2O5 flake is 102,000-103,000 CNY/Ton, ferrovanadium is 114,000-115,000 CNY/Ton, and vanadium-nitrogen alloy is 155,000-156,000 CNY/Ton, all prices are in cash including tax.
Today, domestic vanadium price is lowered by 500-1,000 CNY/Ton. The raw material market continued to decline, and the retail sales of alloys stagnated. Retail V2O5 flake are quoted at 102,000-103,000 CNY/Ton in cash, and the downstream alloy factory is expected to adjust it to 101,000 CNY/Ton. At present, it is not easy to purchase at this price, and the attitude of the alloy factory is more cautious. Firstly, the raw material inventory is not tight, and secondly, waiting and watching steel mill’s bidding, and at the same time, they are waiting for a new round of pricing by major V2O5 flake manufacturers. Today, the enthusiasm of alloy factories for quotations is still not high, some manufacturers maintain stable quotations, retail transactions are not easy, and the willingness to sell at low prices is not high.
www.ferroalloynet.com
