Ferrovanadium Market Continues To Run Strongly
www.ferroalloynet.com: The ferrovanadium market remains strong. Some ferrovanadium manufacturers reported that they had a small amount of shipments in cash of 115,000-116,000 CNY/Ton recently. Because it is difficult to buy V2O5 flake as raw material, most of the manufacturers said that there are fewer stocks, and the overall sentiment of price increase is strong. The quotations of ferrovanadium continued to be chaotic, with cash of 122,000-125,000 CNY/Ton, but the high price was temporarily difficult to make a deal.
The transaction price of V2O5 flake continued to rise to around 105,000-106,000 CNY/Ton in cash. With strong raw material support, and the low inventory of manufacturers, it is expected that the ferrovanadium market will continue to operate strongly in the short term.
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