Analysis On Domestic Vanadium Market On May 19
www.ferroalloynet.com: Under the strong atmosphere of vanadium market, manufacturers and traders have made steady attempts to explore the market, while the transaction price has moved up. Affected by the boost of terminal demand, the market still maintains a small number of transactions in the middle of the month to maintain the market activity. Although there are not many inquiries in the past two days, the commodity holders are generally optimistic about the increase of market quotation, and the later market is expected to have sufficient support.
1. Transaction price of V2O5 flake increased by 1000 Yuan/ton
Due to the continuous shortage of V2O5 flakes, the spot price of some bulk products and small factories has been raised to 96,000-97,000 Yuan/ton in cash with tax, while it is understood that the highest transaction price in the market has reached 96,000 Yuan/ton. At the same time, the lack of V2O5 flake has increased the inquiry of alloy manufacturers for ammonium metavanadate and ammonium polyvanadate. The transaction price of metallurgical grade ammonium metavanadate and ammonium polyvanadate has reached 92,000 Yuan/ton, even some manufacturers are still reluctant to sell at this price However, the transaction price of chemical grade ammonium metavanadate is 93,000-95,000 Yuan/ton, which is almost the same as that of metallurgical grade ammonium metavanadate.
2. Stable ferrovanadium price, and VN alloy rise steadily
As far as the current ferrovanadium market is concerned, manufacturers are still the main force supporting the market, and most manufacturers and traders quoted at 102,000 Yuan/ton in cash, and honestly said that the transaction price is around 101,000 Yuan/ton. Although the overall inventory of the manufacturers is not large, almost each factory has stocks. It is hard to rise under current situation, unless supported by V2O5 flake in the later market. VN alloy transaction price is mainly at 148,500-149,000 Yuan/ton, and the manufacturer’s quotation is basically concentrated at 150,000 Yuan/ton in cash and above, and the lowest acceptable price of some manufacturers is set at 149,000 Yuan/ton in cash. Although the market transaction did not break the previous high price, but the core of the transaction price is moving up steadily. Nanjing Steel delayed the date of biding from today to the morning of 21st May. Anhui Changjiang Steel issued a bid to supplement the VN alloy used in May. The market paid attention to the VN bidding price.
3. The price of rebar keeps rising
After the festival, the market price of rebar has been in a steady and rising state. Since last Friday, it has driven a strong rise. The average price of Grade III rebar has risen by 70 Yuan/ton after last weekend. The two sessions are just around the corner. Active economic policies and the recovery and acceleration of projects after the epidemic will rapidly stimulate the steel demand in May and June. Maintaining a better steel market will continue to provide stable support for the alloy industry.
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