Forecast On Vanadium Market Trend During 1St-30Th September

  1. In September, the long-term agreement price of the large V2O5 flake factories was determined and remained unchanged, which is mainly to support the market, and let’s pay close attention to the actual shipment in the later stage;

  2. What is the change of downstream demand. The vanadium alloy demand of steel mills decreased in August, and whether the market demand will recover or increase in September;

  3. The change of vanadium price in Europe. If the price difference between domestic and foreign vanadium price is narrowed, the import of vanadium products is bound to decrease, and the impact on domestic vanadium price will be relatively weakened;

  4. How to play chess between alloy plant and steel plant. As the supply of VN alloy exceeds the demand, it is inevitable for steel mills to request a lower price. How do the alloy manufacturers deal with the situation. The inventory and capital pressure of different manufacturers are different, so the quotation and shipment cannot be unified naturally. We should pay attention to the bidding situation of medium and large steel plants at the beginning of the month.

At present, some manufacturers believe that the price of vanadium will be weak in the short and later period, so we expect the vanadium price to be adjusted in a narrow range.

Product	Current price(Yuan/ton)	Forecast fluctuation trend
AMV	96,000-98,000 Cash with tax	Narrow adjustment
V2O5 powder	101,000-101,500 Cash with tax	Narrow adjustment
V2O5 flake	101,000-101,500 Cash with tax	Narrow adjustment
Ferrovanadium	106,000-108,000 Acceptance with tax	Narrow adjustment
VN alloy	163,000-165,000 Acceptance with tax	Narrow adjustment