Quotation Of V2O5 Flake Is Lowered, Alloy Manufacturers Wait And See Steel Mills’ Bidding
www.ferroalloynet.com: A summary of the quotations of various domestic vanadium products today: ammonium metavanadate98% price is 123,000-124,000 CNY/Ton, V2O5 flake is 130,000-131,000 CNY/Ton, ferrovanadium50 is 142,000-145,000 CNY/Ton, vanadium-nitrogen alloy is 192,000-196,000 CNY/Ton, all prices include tax in cash.
At the beginning of the week, the raw material price of vanadium was slightly lowered. The retail V2O5 flake quotation increased to 130,000 CNY/Ton in cash, and the intention to ship was enhanced, the actual transaction was around 129,000 CNY/Ton in cash. Some vanadium-nitrogen alloy manufacturers expressed their intentions to purchase V2O5 flake at 128,000 CNY/Ton in cash, most manufacturers are less enthusiastic about raw material inquiries. Most of the vanadium-nitrogen alloy manufacturers are reluctant to quote, because they have not received an inquiry, and are unwilling to sell at a low price, they can only wait and see the situation of the steel tender this week, and the scattered transaction price is 190,000-192,000 CNY/Ton in cash. The ferrovanadium market continued to be light, with manufacturers quoting cash of 142,000-145,000 CNY/Ton, traders’ quotations tended to be low, and transactions were weak.
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