Domestic Vanadium Market Remains Stable
www.ferroalloynet.com:At the beginning of this week, the domestic vanadium market continued the atmosphere of last week as a whole. The sales of V2O5 flake and VN alloy were rare. There were many inquiries and few transactions of ferrovanadium. This week, the steel mill procurement is about to start. The middlemen expect the change of terminal demand to make the vanadium market fluctuate. The ferrovanadium manufacturers hope that the price can be warmed up as soon as possible to start production, while the VN alloy enterprises are more stable in the market.
At present, the transaction price of V2O5 flake in bulk market remains 105,500 yuan / ton, and few people come to inquire for orders after spot quotation. Under the stable price state, downstream alloy plants will purchase as soon as they use. In the current situation of supply and demand stalemate, there will be no sign of short supply in the V2O5 flake market. Therefore, the market is relatively stable and slack, and the future market is expected to fluctuate slightly. The market of ammonium metavanadate is affected by the stability of V2O5 flake, and the price is basically stable. In addition, the price rise of ammonium metavanadate was mainly driven by the difficulty of mining V2O5 flake. At present, when the supply of V2O5 flake is relatively loose, the price of ammonium metavanadate has no driving force.
In recent two days, the inquiry of ferrovanadium market has increased, especially for large factories in bulk market. However, due to the relatively slow price stability, traders dare not easily pick up the price, so the actual transaction is not much. At present, the spot price of ferrovanadium is 105000 yuan / ton, the market transaction price is about 104500 yuan / ton, and the price of direct supply steel plant is 107000 yuan / ton by acceptance. The market is relatively stable and the inquiry did not actually promote price upward.
Since last week, the attitude of VN alloy market has been mainly stable, sticking to the current market price. In the case of no fluctuation in the price of V2O5 flake, manufacturers will have a stable profit margin, while traders are difficult to make profit from it, which makes the later market more stable. It is expected that although the bidding quotation of steel manufacturers in this round is mainly based on the mentality of supporting price, the final transaction is expected to fluctuate little.
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