Retail V2O5 Flake Quotations Show Upward, Market Inquiries Increase
www.ferroalloynet.com: With the increase in V2O5 flake shipments from major manufacturers, downstream alloy plants and traders have increased their purchasing inquiries, and the vanadium market activity has increased sharply in the last two days before the holiday.
V2O5 flake holders were reluctant to ship at low prices, and the overall quotation rose slightly to 92,000-93,000 CNY/Ton in cash. The downstream acceptance of 92,000 CNY/Ton in cash has increased, but there are not many high-priced transactions for the time being. The deadlock in V2O5 flake transactions shows a slight increase, and the cautious attitude of downstream purchases is still there.
Recently, the bidding price of vanadium-nitrogen alloy steel is about 140,000-142,000 CNY/Ton (by acceptance); under the support of cost, some vanadium-nitrogen manufacturers are reluctant to ship at low prices. The situation of electricity curtailment and crude steel production restrictions across the country is still severe. Whether the vanadium market can turn for the better, we still need to continue to pay attention to steel recruitment and the market supply and demand pattern.
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