Ferrovanadium Fluctuates Greatly, The Market Is Still Chaotic
www.ferroalloynet.com: The transaction of ferrovanadium continued to shows upward. On the one hand, V2O5 flake continues to rise, supported by production costs, ferrovanadium manufacturers stopped quoting when the market resumed after the holiday, and the overall mentality of rising is strong. On the other hand, major ferrovanadium manufacturers recently set a price of 118,000 CNY/Ton for acceptances this week, an increase of 8,000 CNY/Ton from the previous round; ferrovanadium holders are even more upbeat, and some quotations have been raised to 120,000-123,000 CNY/Ton in cash, low-priced goods are hard to find in the market.
Yesterday, Shougang Changzhi FeV was priced at 117,150 CNY/Ton by acceptance, but the purchase volume was small; some traders were still cautious in their overall purchases in the face of the rapidly rising market. The ferrovanadium market is still in chaos, and there are not many actual transactions except for steel mills’ bidding, insiders continue to pay attention to the steel mills’ bidding situation.
www.ferroalloynet.com
