www.ferroalloynet.com: This week, the price of V2O5 flake decreased from 103000 yuan / ton in cash at the beginning of the week to 102000 yuan / ton in cash, and the actual transaction price is 1015000-102000 yuan / ton in cash. VN alloy manufacturers purchase on demand and are more cautious. Some manufacturers are bearish on the later market, believing that the trend of V2O5 flake will be 100000 yuan / ton in cash with tax soon.
As the price of mainstream raw materials falls, the price of metallurgical grade ammonium metavanadate 98% is bound to be slightly affected. The intended purchasing price of VN alloy manufacturers is reduced to 95000-96000 yuan / ton in cash with tax. The price of chemical grade ammonium metavanadate 98% is generally stable, and the transaction price is maintained at 98000-99000 yuan / ton in cash with tax. Supported by the downstream chemical V2O5 powder, the price of chemical ammonium metavanadate is stable in the short term.
This week, the purchasing price of VN alloy in some small steel mills has not been determined, and vanadium enterprises quote actively, so the bidding price of steel plant is bound to be weakened under pressure. In retail market, the inquiry is less, and the transaction is not good. Some low-priced transactions fell below 160000 yuan / ton in cash including tax. Generally speaking, the inventory pressure of VN alloy market is large, low price consumption is inevitable, and the price is slightly weak.
Ferrovanadium market is in a relatively stable state. The quotation of manufacturers is 106000-107000 yuan / ton in cash with tax, and the actual transaction price of bulk goods is 105000-106000 yuan / ton in cash with tax. The demand is not strong and the transaction is weak. Most manufacturers are still in the state of production suspension.
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