Steel Bidding Is In The Process In Vanadium Market, Retail Transaction Is Not Optimistic
www.ferroalloynet.com: The alloy market this week is dominated by steel bidding. In the past two days, steel mills have successively launched tender. The bidding price of vanadium-nitrogen is 193,000-196,000 CNY/Ton (by acceptance). The retail market transactions are relatively weak, manufacturers are not interested in quotations. The traders are willing to purchase a small amount of cash of around 190,000 CNY/Ton, but they are still cautious.
Major V2O5 flake manufacturers maintained stable pricing in August, and the current mainstream quotations are also maintained at around 130,000 CNY/Ton in cash retail market. Although some alloy factories are willing to purchase at 128,000-129,000 CNY/Ton in cash, the supply of low-priced source is still relatively high, and it’s hard to find, the market trading atmosphere is not positive.
In the past two days, the bidding price of ferrovanadium was 141,000-144,000 CNY/Ton (by acceptance), and retail market manufacturers still had high and low cash prices of 142,000-145,000 CNY/Ton. However, regardless of the low or high shipment transaction status, the feedback was relatively general, there are fewer orders.
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