Retail V2O5 Flake Price Continues To Be Weak
www.ferroalloynet.com: The alloy market continues to be weak, due to weak demand and deepening of cost inversion, the purchase of raw materials remains cautious, and psychological expectations are generally low. Some V2O5 flake retail investors started to offer at 119,000 CNY/Ton in cash, but many downstream factories were still unwilling to accept the offer. The mainstream price of retail V2O5 flake was 119,000-120,000 CNY/Ton in cash. The transaction of ammonium metavanadate remained light, and the transaction price fell to 115,000-116,000 CNY/Ton in cash, and the downstream factories still push prices down strongly.
Yesterday, large domestic V2O5 flake manufacturers confirmed the long term order price in late August and September at 132,000 CNY/Ton by acceptance with tax (cash 130,000 CNY/Ton), which was the same as the price at the beginning of August; whether it can support the market, still need to pay attention to the follow-up reality transactions and purchases by steel mills.
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