www.ferroalloynet.com: Although the demand for vanadium in the international market has been weak for a long time due to the epidemic situation, since May this year, China’s import of vanadium products has increased greatly, absorbing most of the international market surplus. After a large number of vanadium products are exported to China, the international market price rises.
As of yesterday, the price of ferrovanadium increased to 24.8-25.3 USD/KgV, convert into 50# ferrovanadium RMB price was 85,800-87,500 Yuan/ton. The price of European V2O5 maintained at 5.1-5.6 USD/LB V2O5, convert into V2O5 98% RMB price was 76,200-83,700 Yuan/ton; the price of ferrovanadium in United States was 9.5-10.0 USD/LB V, convert into 50# ferrovanadium RMB price was 72,400-76,200 Yuan/ton.  Today’s exchange rate: 1 US dollar = 6.9207 RMB. In terms of the European ferrovanadium price, the tax inclusive cost of goods imported into China is about 103000 yuan / ton in cash, with freight and other charges, there is no big advantage.
At the same time, the domestic vanadium market is still in the weak state of oversupply. The mainstream large V2O5 flake factories and vanadium alloy processing plants strive to stabilize the market, and adhere to a firm attitude in the quotation of raw materials and bidding price. However, in the case of sufficient supply and weak demand, the transaction is not active, which also brings inventory problems to manufacturers. In order to maintain operation and ensure capital turnover, some manufacturers have to ship at low prices and compete with low-cost goods in bulk market. The market is not in a good state. It is expected that the low-price transaction information will shake the firm mentality in the later market, and it is difficult to improve the weak staus of vanadium market in the short term.
Up to now, the transaction price of V2O5 flake is about 104000-104500 yuan / ton, the transaction price of ferrovanadium is 106000-107000 yuan / ton in cash, and some low transaction price of VN alloy is 162000 yuan / ton in cash, and some traders offer about 161500 yuan / ton in cash. The market information about low-price transaction of V2O5 flake and VN in the market is spreading rapidly. Although there is a gap between domestic and foreign vanadium prices, the import volume may be reduced. However, due to the factors of shipping schedule, there are pre-determined imported vanadium resources arrive port in September and October. If the domestic raw material manufacturers maintain full production, it is difficult to change the situation of large supply in the third quarter. Although the terminal demand is expected to increase, it will still focus on the consumption of existing resources. The driving force of price rise will be weakened by the accumulation of stocks.