Depressed Vanadium Market, Further Falling Tender Price Of VN Alloy From Steel Plants Recently, the domestic vanadium market has continued to fluctuate and become weak. The bidding prices of steel plants have slowly declined, and the prices of upstream raw materials have been adjusted accordingly. However, the transaction situation in the market is relatively weak. Downstream manufacturers are very cautious in purchasing and producing based on the orders, if no new orders signed, the production should be appropriately reduced in order to cut down the pressure of sales.
In terms of raw materials, the manufacturers of ammonium metavanadate are not enthusiastic in offering, and the purchasing price of alloy plants is adjusted to around 87000-88000 yuan / ton including tax by cash. After the holiday, there are not many inquiries from chemical enterprises, indicating that they will follow the market. The price quoted by retail V2O5 flake suppliers was no worse than that of yesterday, with a quotation of 91000-92000 yuan / ton by cash with tax. The intended price of some alloy factories who need to purchase was around 90500 yuan / ton, only a small amount of transactions have been completed. Some V2O5 flake suppliers said that the cost was high and they were reluctant to sell, so they kept a wait-and-see attitude.
The downstream alloy market was also relatively depressed. Yesterday, the VN alloy bidding prices of steel plants were 140000-141000 yuan/ton by acceptance with tax, down nearly 3000 yuan / ton compared with last week. The manufacturers quoted at 139000-140000 yuan / ton by cash with tax, while the inquiry price of traders was lower than 138000 yuan / ton by cash with tax, as a result, the upstream and downstream markets are deadlocked.
At present, the price of large V2O5 flake factories has not been adjusted. The upstream and downstream vanadium enterprises pay more attention to it. Some alloy factories say that the current vanadium market continues to be depressed, the alloy plants are always facing cost inversion, the lack of terminal demand and the overcapacity of domestic vanadium products are the main factors. The pressure of the vanadium market in the short and later period will not be reduced, and the price does not rule out the possibility of further falling, and vanadium enterprises are relatively pessimistic about the future market.