Steel Mills’ Bidding Is Active, Vanadium Market Is Deadlocked And Stable
www.ferroalloynet.com: Today, the domestic vanadium product market is running stalemately and smoothly, and the transaction fluctuation is relatively small. Manufacturers of ammonium metavanadate are reluctant to sell, mainly to maintain the supply of old customers, the actual transaction cash is around 102,000 CNY/Ton, some downstream manufacturers have high purchasing intentions, but the spot is difficult to find. The retail V2O5 flake price maintains at 107,000 CNY/Ton in cash, and transactions were scattered. Some vanadium-nitrogen alloy factories had more active inquiries and cover their positions on demand. Retail V2O5 flake holders are reluctant to sell, and buyers’ intention purchase prices is relatively limited.
In terms of alloys, the bidding trend of steel mills was stable. Vanadium-nitrogen alloy bidding price is 163,000-165,000 CNY/Ton (by acceptance with tax), and 50 ferrovanadium price is 118,000-120,000 CNY/Ton (by acceptance with tax). The bulk cargo market was slightly cold, and the manufacturers’ quotations were the same as yesterday. Most of them were mainly to deliver pre-orders. Traders continued to wait and see, waiting for the vanadium price trend to become clearer.
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