Manufacturers Are Pessimistic With Continuous Fall Of Vanadium Prices

www.ferroalloynet.com: Today’s quotations of vanadium products are as follows: ammonium metavanadate 98%: 81000-83000 yuan / ton; V2O5 flake: 81000-82000 yuan / ton; FeV50: 90000-92000 yuan / ton; VN alloy: 124000-126000 yuan / ton, all of which are by cash including tax.

As of the end of the month, the tender of steel plants did not come as expected, and the procurement of steel plant has slowed down slightly, the atmosphere of vanadium market is very slack, the activity of trading is not high, traders are also very cautious in purchasing, some traders’ inquiry price of VN alloy is reduced to 121000-122000 yuan / ton by cash with tax, while the quotation of manufacturers is mostly in the range of 124000-126000 yuan / ton by cash with tax, only a small number of transactions are completed in the deadlock. The quoted price of V2O5 flake retailers is 81000-82000 yuan / ton by cash with tax, and the actual transaction is reduced to 80000-81000 yuan / ton. Alloy factories bearish the market and strictly control the cost. The actual turnover of ammonium metavanadate is small, and the manufacturer’s quotation is 81000-83000 yuan / ton by cash with tax. VN alloy manufacturers have few inquiries for ammonium metavanadate, in stead, it is better to purchase V2O5 flakes directly. Chemical enterprises purchase based on their orders, indicating that the price of vanadium is falling, and end users are also pushing down the price to purchase chemical V2O5 powder. FeV manufacturers adjust price every day, and there are few orders. The falling vanadium price makes the upstream and downstream vanadium enterprises have no confidence in the future market, so they operate cautiously.

www.ferroalloynet.com