Quotation Rises, Vanadium Market Is Firm

www.ferroalloynet.com: At the beginning of the week, the domestic vanadium product market was firm and strong. The raw material market quotations were chaotic. Ammonium metavanadate and retail V2O5 flake manufacturers were reluctant to sell at low prices, the actual transaction was not clear. Some vanadium-nitrogen alloy manufacturers said that retail V2O5 flake was hard to find. Alloy quotations have also gone up, and most vanadium-nitrogen alloy manufacturers have low quotation intentions, waiting for V2O5 flake manufacturers to set prices. Some vanadium-nitrogen alloy traders offered cash of 155,000-158,000 CNY/Ton, and the transaction was not active. With the rapid increase in V2O5 flake prices, the quotations of ferrovanadium have risen to 118,000-120,000 CNY/Ton in cash, and the transaction needs to be followed up

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