www.ferroalloynet.com: Today, the long-term agreement prices of Tranvic, Desheng and Jianlong were increased to 100,000 Yuan/ton by acceptance including tax, 4000 yuan / ton higher than last month. At the beginning of the month, due to the small quantity of V2O5 flake shipped by retail investors, the inquiry of VN alloy continued to be active, and the quotation of V2O5 flake rose rapidly, and the transaction price was no less than 103,000 Yuan/ton in cash including tax. At this time, the price advantages of large V2O5 flake manufacturers were prominent. In addition, in June, due to the equipment maintenance of Tranvic, the production of V2O5 flake is expected to be slightly reduced, thus the supply of V2O5 flake is even more tense. It is hard to find more supply of raw materials, so it is expected that the VN alloy manufacturers would sign the orders positively.
From the current steel procurement, the demand for vanadium alloy is good, and traders are active in procurement and delivery. In the short term, vanadium price will maintain a strong trend under the comprehensive help of the firm price of large V2O5 flake plants and the good demand of steel market.