Retail V2O5 Flake Holders Are More Enthusiasm For Shipments, Vanadium Alloy Quotations Are Firm
www.ferroalloynet.com: Retail V2O5 flake holders are becoming more enthusiastic about shipments, and the market quotations have increased significantly, mainly in cash of 128,000 CNY/Ton; the actual transaction was slightly chaotic. Yesterday, the cash price of 128,000 CNY/Ton was limited, and some downstream purchase intention prices were still at 125,000 CNY/Ton in cash. The V2O5 flake price continued to jump sharply this week, up 14,000 CNY/Ton from last week. Facing the higher increase, some traders were in a state of anxiety. The quotations increased but the overall price was still at a high level, and some downstream purchases were slightly cautious.
Vanadium-nitrogen alloys: Vanadium-nitrogen alloys are currently quoted at 190,000-195,000 CNY/Ton in cash, but the actual market transactions are not many, and most downstream factories are still watching the trend of steel bidding. Under the support of cost, manufacturers have a strong attitude towards prices; in addition, some manufacturers are not eager to take orders due to the shortage of raw materials. The actual transaction of vanadium-nitrogen alloys has temporarily stabilized, and the overall upward trend has slowed down slightly; waiting for the steel mills’ bidding to be clear.
Ferrovanadium: Ferrovanadium manufacturers are still quoting at 130,000-135,000 CNY/Ton in cash, while traders’ quotations are mostly around 130,000 CNY/Ton in cash. Although the transaction of ferrovanadium continued to rise this week driven by the cost, the actual transaction was relatively small, and the weak market demand remained unchanged. Manufacturers offer firm quotations under cost pressure, and they are reluctant to ship products at low prices for the time being.
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