Ferrovanadium Market Rebounded Slightly And VN Alloy Remained Stable

www.ferroalloynet.com: Recently, the inquiry of ferrovanadium has increased slightly, and the spot quotation also shows signs of upward adjustment. The spot supply of raw materials is sufficient, and the downstream VN alloy manufacturers continue to support the market. It is relatively difficult for steel mills to further depress the price for purchase. There are not many transactions of low-priced bulk goods. The market initiative is mainly from the supports of manufacturers, the vanadium price in the international market is slightly firm, but the price difference with the domestic price is still obvious.
Up to now, the transaction price of small vanadium processing plants and bulk cargo market is mainly at 105000 yuan / ton in cash with tax, including high-quality imported goods. It is difficult to deal with spot quotation of 105500 yuan / ton. Tranvic and Desheng keep the price at 107000 yuan / ton by acceptance with tax, and the downstream purchasing enthusiasm is reduced. Ferrovanadium factories order less V2O5 flakes, and the V2O5 flake bulk market will continue to move forward weakly. Ammonium metavanadate and ammonium polyvanadate are greatly affected by vanadium pentoxide. Nowadays, the supply of V2O5 flake is abundant, and it is difficult to sell metallurgical grade ammonium metavanadate and ammonium polyvanadate at high prices. The demand for chemical grade ammonium meravanadate is weak and the price is still unchanged. At present, the transaction price of ammonium metavanadate 98% is about 99000 yuan / ton.
Since the production stoppage of ferrovanadium processing plants increased in the middle of last month, the willingness of the manufacturers to resume work is not high at present. The quotation is 107000-108000 yuan / ton in cash with tax. At present, only a small number of long-term orders can be sold to 106000-107000 yuan / ton, maintaining a small part of the output of small factories. Some manufacturers have won the bidding of steel mills, and the acceptance price is about 108000 yuan / ton by acceptance. Although there is a slight increase in the bulk market price, there is still a certain gap from the ideal price of manufacturers. At present, the transaction price of ferrovanadium in the bulk market has been raised to 105000 yuan / ton in cash with tax.
At present, there is still a gap between the manufacturers of VN alloy and the quotations of bulk market. The manufacturers of VN alloy Association say that the price is not less than 165000-166000 yuan / ton in cash with tax, the low-cost source quotation in bulk market is between 163000 yuan / ton and 163500 yuan / ton in cash, and the highest bidding price of small steel mills is about 165000 yuan / ton. It is difficult for traders to operate because the profit is very small. Next, the steel mills purchase is relatively sparse and is expected to refer to the previous bidding price. The bargain between VN plant and steel plant will continue.
In the international market, the European vanadium price continued to show a slightly stronger trend. As of last Friday, the European ferrovanadium slightly up to 24-24.5 USD/kg V, convert into 50# ferrovanadium RMB price was 83,300-85,000 Yuan/ton. The price of European V2O5 increased to 5.1-5.6 USD/LB V2O5, convert into V2O5 98% RMB price was 76,500-84,000 Yuan/ton; the price of ferrovanadium in United States was 9.5-10.0 USD/LB V, convert into 50# ferrovanadium RMB price was 72,700-76,500 Yuan/ton.  Although the international market price is slightly firm, and the driving force is also related to the increase of China’s import, there is still a significant gap between the domestic vanadium price and the international market price, and the import operation is expected to be frequent in the short term.
In terms of steel, the price of rebar continues to be firm, with the average price of domestic three-level rebar breaking through 4000 yuan per ton. However, the driving force for rebar comes from the soaring iron ore price and the continuous rising of scrap steel price. Judging from the transaction situation of steel market, the current market terminal demand has not obviously recovered, nor has the obvious reduction of stock. It is expected that the later market may fluctuate at a high level or gradually weaken, and the overall demand of the steel may not have much driving force for vanadium price in August.