Both Raw Materials And Alloys Prices Are Firm In spite of the sporadic bidding from steel mills in the middle of this month, the vanadium alloy manufacturers mainly arrange orders, and the market spot goods circulation volume is reduced. Recently, the vanadium market, especially the alloy end, has maintained a strong trend. The following is the latest market situation of vanadium products.
1. Raw materials: V2O5 flake in bulk market is to be firm
Affected by the continuous tension of V2O5 flake in bulk market, the quotation of spot supply has been continuously raised in recent two days. Up to now, the transaction price of V2O5 flake in bulk market is slightly higher than that of large factories, up to 94,700 Yuan/ton. There are a small number of transactions in domestic supply and imported supply. Alloy factories who signed long-term orders with large factories of V2O5 flake are not willing to accept this price. Therefore, only some urgent orders are willing to offer for purchase, while there are still some bulk suppliers waiting for the price to go higher. With the price of VN alloy rising, it is expected that the large V2O5 flake factories will sign the order smoothly with the profit expanding gradually, and some small factories will inquire about the bulk market in the latter half of this month, so there is still room for further increase in the later market of V2O5 flake. At present, the market quotation of ammonium metavanadate is about 95,000 Yuan/ton. The sales situation of chemical V2O5 powder enterprises has not recovered, the procurement is not active enough, and the price of chemical grade vanadium products will rise slowly.
2. Ferrovanadium: high quotation, few inquiries, slow growth
At present, ferrovanadium manufacturers in Jinzhou generally offer at 101,000-102,000 Yuan/ton in cash with tax. Some manufacturers also say that the actual transaction price with the steel plant is at 101,000 Yuan/ton by acceptance with tax. The inquiry price of bulk market traders also offers at 99,000 Yuan/ton in cash. Some small foundries purchase ferrovanadium is also at this price. Compared with VN alloy, the demand of ferrovanadium market has always been tepid. The price rise is driven by raw materials. With the price rise of VN alloys and the strong price of V2O5 flakes, it is expected that ferrovanadium will also have a slow rise space.
3. VN alloy: manufacturers adjust the price and transaction price moves up again
Yesterday, the transaction price of VN alloy was increased by 1000 Yuan/ton again, and the lowest market price was 145,000 Yuan/ton in cash. Some bulk carriers and manufacturers have quoted this price, but the supply volume is not large, and there was no lack of later bullish and upward quotations. The manufacturer’s quotations were increased to 146,000 Yuan/ton in cash with tax, even the manufacturers with inventory also continued to strengthen the market. Since May, the market activity has made the market strong. The inventory of VN alloy in Chongyang area has been well consumed, and Shaanxi VN plants have also turned to sign the orders, with the demand of steel plants significantly improved. Yesterday, Shougang Changzhi was bidding at 148,000 Yuan/ton by acceptance, but lost the bid, at the same time Shougang Tonghua Steel was bidding at 150,000 Yuan/ton by acceptance, the purchase price also showed a strong performance.
In terms of upstream and downstream conditions, vanadium products in the chemical industry are quiet. Thanks to the recovery of the steel market, vanadium products in the mainstream metallurgy field continue to improve. It is expected that the raw materials will be difficult to up in the later market, and it will take a certain time, but the alloy aspect will still maintain a strong trend. In terms of the current quotation situation at the alloy end, there is still a small increase space for the later market of ferrovanadium and VN alloy.