Abundant Ferrovanadium market spot supplies markets Companies be pessimistic
Date: Feb 25, 2019
www.ferroalloynet.com: According to recent market presentation, the procurement of ferrovanadium is relatively weak compared with that of vanadium raw materials. Both factories and traders have a large amount of spot goods and increase quotation which discourages companies to raise the price. At present, the market quotation is around CNY 250,000-260,000/t, while the actual transaction is basically around CNY 250,000T by cash, and even some prices are lower than CNY 250,000/t. However, V2O5 flake retailing price has been edged more than CNY 240,000/t, and it’s hard to take goods from large factories. The price of ferrovanadium is more easily passive, whether it is in the overall upward or downward trend in vanadium market.
