Spring Festival Holiday Starts, Vanadium Market Is Stable

www.ferroalloynet.com: With the Spring Festival approaching, domestic¬†vanadium¬†enterprises have gradually started the holiday mode. Most of the upstream and downstream vanadium plants are in normal production and operation. Some frrovanadium plants stop production and adjust flexibly. The overall quotation willingness of the manufacturers is low. The market is basically closed. There are few inquiries and the quotation is of little significance. Some VN alloy manufacturers have not changed their quotations for the time being, still with cash of 147000-148000 CNY/Ton, but without transactions. They have no intention to reduce the price. Some ferrovanadium manufacturers offer at 102000-104000 CNY/Ton, which is also no transaction happened. The raw material market is also strong, with no quotation from ammonium metavanadate manufacturers and few transactions in the market; the large V2O5 flake factories sign orders smoothly, and it is difficult to obtain more products, and the price of retail goods remain high, It’s not easy to purchase when it’s lower than 96000 CNY/Ton by cash. Without new transaction support, the market is mainly quiet and stable.