Domestic Vanadium Prices Declined Under Pressure, International Ferrovanadium Price Fell Slightly

www.ferroalloynet.com: Today’s quotations of vanadium products are as follows: ammonium metavanadate 98%: 79000-82000 yuan / ton; V2O5 flake: 80000-81000 yuan / ton; FeV50: 91000-92000 yuan / ton; VN alloy: 123000-124000 yuan / ton, all of which are by cash including tax.

The domestic vanadium price continued to decline, and the quotation of V2O5 flake retailers was lowered to 80000-81000 yuan/ton by cash with tax yesterday. The alloy factories was cautious in dealing with the purchase order. No progress has been made in large V2O5 flake plants, so we should wait and see. In recent months, vanadium pentoxide in Europe has remained stable at 5.1-5.6 USD/lbV2O5, with no market liquidity. Domestic vanadium enterprises’ inquiry for imported vanadium products has been greatly reduced, and it is expected that the import volume of vanadium products will be greatly reduced from November to December. At present, the quotation of VN alloy manufacturers has been reduced to 123000-124000 yuan / ton by cash with tax, and some low transaction prices have been made with 122000 yuan / ton. Some manufacturers are not willing to sell at a low price, waiting for the tender of steel plants and focusing on the price trend of V2O5 flake at the same time.

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