International Vanadium Price Rises Slightly And Domestic Alloy Market Turns Weak

www.ferroalloynet.com: Today, the quotation of domestic vanadium products: metallurgical ammonium metavanadate 98%: 91000-92000 CNY/Ton, retail V2O5 flake: 96500-97000 CNY/Ton, FeV50: 102000-104000 CNY/Ton, VN alloy: 148000-150000 CNY/Ton, all of which are by cash including tax.

On January 29, the international vanadium price rose slightly, the price of ferrovanadium in the European market was up to 27.3-28.0 USD/kg V, with an average increase of 0.075 USD/kg V; The price of European V2O5 rose to 6.2-6.5 USD/Lb V2O5, with an average increase of 0.2 USD/Lb V2O5. The price rise in Europe, together with tariffs and VAT, will make the price of imported vanadium products higher than that of domestic vanadium products, which is bound to affect the import volume from April to May.

After the bidding of steel plants, the domestic vanadium market entered a flat period this week. With the reduction of procurement of steel plants and few inquiries from traders, the retail market is very quiet and it is difficult to make a deal. Currently, it is difficult to get V2O5 flake from large factories, and the quotation of retail market is firm, mainly in cash of 96500-97000 CNY/Ton. The actual transaction price is mostly in cash of 96000 CNY/Ton. Although the price quoted firmly by VN alloy manufacturers is 148000-150000 CNY/Ton, and the quotation of FeV50 is 102000-104000 CNY/Ton, the downstream inquiry is rare, so it is difficult to close the deal. Due to the high production cost, the alloy factories cherish the goods and not willing to lower the price, waiting for the market change after the Spring Festival.

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