Poor Demand, Weak Ferrovanadium Transactions

www.ferroalloynet.com: Today, ferrovanadium manufacturers are quoting at 130,000-133,000 CNY/Ton in cash, and traders are quoting cash at 127,000-128,700 CNY/Ton. Due to poor demand, weak transactions, the market atmosphere is relatively sluggish. In the past week, the bidding price of ferrovanadium is slightly stable and weak. The mainstream bidding price is concentrated at 127,000-131,000 CNY/Ton (by acceptance with tax). The purchase price of some small steel plants tends to be low and the purchase volume is small. .

At the end of the year, most of the ferrovanadium traders mainly focus on reducing their inventory. They purchase at low prices in the early stage. The profits are currently good. The enthusiasm for shipments is relatively high. There are few people inquiring and purchasing. In addition, the vanadium market is not clear in the short term, insiders mainly wait and see the market.