Retail V2O5 Flake Rose To A New High In Nearly A Year, And The Quotations Of Vanadium Alloy Rose Sharply
www.ferroalloynet.com: Retail V2O5 flake transactions rose sharply to 139,000-140,000 CNY/Ton in cash including tax, an increase of 10,000 CNY/Ton from last week; at the same time, it also reached a new high in the past year. The international vanadium price continued to rise, coupled with the increase in downstream acceptance and continuous market inquiries, the retail market quotations were gradually chaotic last Friday, and most holders did not ship their goods; some quotations on weekends even rose to 145,000-150,000 CNY/Ton in cash, low-priced sources are hard to find. Although the transaction of downstream alloys has also gradually increased, the overall increase is slower than that of V2O5 flake. Most downstream companies are unwilling to accept high-priced orders for the time being, and there are few high-priced transactions in the market.
Vanadium-nitrogen alloys: Under the huge cost pressure, some manufacturers of vanadium-nitrogen alloys have offered quotations of around 210,000-215,000 CNY/Ton in cash today, and they are more cautious in shipping when raw materials are hard to find. Over the weekend, Jingye Steel’s bidding price rose to around 205,000 CNY/Ton ( by acceptance), but this price is still under pressure for vanadium nitrogen production; coupled with the end of the steel mill’s bidding at the beginning of the month, most manufacturers remain on the sidelines for high-priced raw materials and are extremely cautious in purchasing.
Ferrovanadium: International ferrovanadium continues to strengthen, on March 4, European ferrovanadium price was 57 (up 6.5)-61 (up 4) USD/Kg V, equivalent to RMB ferrovanadium50 180,400-193,000 CNY/Ton; American ferrovanadium was 25 (up 5)-27 (up 6) USD/Lb V, equivalent to RMB ferrovanadium50 about 174,400-188,400 CNY/Ton. With the support of international vanadium prices and the high level of domestic raw materials, most manufacturers are reluctant to ship at low prices, and some manufacturers in Jinzhou have quoted around 150,000 CNY/Ton in cash. International orders are active in inquiries, and some manufacturers of ferrovanadium80 have successively completed transactions; some domestic traders are also active in purchasing ferrovanadium80; the market is well supported, and it is expected that ferrovanadium will maintain a strong performance in the short term.
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