Steel Mills Start Bidding, Vanadium Market Demand Rebounds In The Short Term
www.ferroalloynet.com: At the beginning of this week, a number of domestic mainstream steel mills have started bidding, and the activity of downstream alloy market will be improved. Before this week, the demand of vanadium market is slightly weak, and the confidence of some suppliers has been shaken. However, with the large V2O5 flake manufacturers finalizing the quotation in August, the VN manufacturers joint to support price again, therefore, the market price can be maintained until the beginning of steel bidding. It is expected that the bidding price will be around the existing market price with a small shock.
At the beginning of this week, the raw material market is still slightly weak. Alloy plants are more willing to purchase raw materials after bidding. The market price of V2O5 flake is maintained at 105000-105500 yuan / ton by cash. The market price of ammonium metavanadate 98% is 99000-100000 yuan / ton by cash. The V2O5 flake in bulk market is slightly active, but not rampant. The alloy plant just purchase in demand, which can maintain the balance between supply and demand of raw materials. As the raw material price, in the short term, there is basically no problem with grid stability.
There was a slight increase in inquiries in ferrovanadium market, but the price was difficult to rise. At present, the spot market price of ferrovanadium is 104000-105000 yuan / ton by cash. Traders’ inquiry increases the preparation of bidding, but the manufacturers are still hesitate in actual procurement. The price advantage of imported ferrovanadium is relatively active, and the willingness of small and medium-sized manufacturers to start work is still not high. However, if the centralized procurement of steel plants is really started, the long-term coo/ative steel works of small and medium-sized manufacturers can not purchase ferrovanadium from the manufacturers, and cannot supply the bulk goods. Therefore, the later market of ferrovanadium is likely to be strengthened slightly.
At present, the quotations of VN alloy manufacturers are basically unchanged. Most manufacturers’ spot quotations are no less than 165000 yuan / ton by cash with tax, no less than 168000 yuan / ton by acceptance with tax. Since the establishment of the association, VN alloy manufacturers are in a more orderly state of mind, continuing to strengthen the price in the later market. This week, the guide quotation of VN alloy in Pangang increased by 1000 yuan / ton to 170000 yuan / ton, including tax by acceptance. Judging from the bidding situation, it is expected that the subsequent bidding price will also fluctuate around this price.
According to the European market transaction report on Friday night, the transaction price range of ferrovanadium in the European market was 23.95-24.5 USD/ kg, converted to RMB price was about 83600-85600 yuan / ton. At the same time, Europe’s vanadium pentoxide 98% was 5.1-5.5 USD / pound, convert to RMB price was about 77000-83000 yuan / ton. American ferrovanadium price was 9.4-9.8 USD / lb V, converted to RMB price was about 72400-75500 yuan / ton. According to foreign businessmen, China’s import volume has increased since May, which has a certain driving effect on the international market vanadium price, but the demand in the international market itself was still weak.
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