Raw Materials Continue To Rise, Chemical V2O5 Powder Is Slow To Follow Up

www.ferroalloynet.com:Since the beginning of April, ammonium metavanadate has continued to rise, the price rises  from 99,000-102,000 CNY/Ton in cash to 123,000-125,000 CNY/Ton in cash, an increase of about 23,000 CNY/Ton. Ammonium metavanadate is the main raw material of chemical V2O5 powder. The price of raw materials continues to rise, and the price of the chemical industry is generally adjusted accordingly, but the actual transaction is relatively lagging. On the one hand, in the middle of the year, the demand for chemical products is low, and the demand is insufficient to drive transactions; on the other hand, raw materials continue to rise, end users are unable to understand the rapid rise of chemical products, purchasing hesitate, and some users with large purchases actively seek low prices resources. Some manufacturers have stocks of low-priced raw materials and are willing to sell them at a price when demand is weak. Therefore, the actual transactions of chemical products are high or low, and the overall transaction follow-up is slow. At present, the actual transaction price of chemical V2O5 powder98% is 128,000-132,000 CNY/Ton in cash, and the transaction price of V2O5 powder99% is 140,000-147,000 CNY/Ton in cash, an increase of 14,000-18,000 CNY/Ton from the beginning of April, which is less than the increase of raw materials.