The Decline Of Ferrovanadium Expands And Most Manufacturers Suspend Quotations
www.ferroalloynet.com: The price of ferrovanadium has continued to fall, and the overall downward speed has accelerated; mainstream market transaction prices were 112,000-114,000 CNY/Ton (by acceptance), down 4,000 CNY/Ton from the previous day.
Ferrovanadium manufacturers are stuck in the dilemma that high prices are difficult to make transactions, and low prices do not want to go out. Today, most manufacturers said they would suspend quotations and wait and see the market. The price of raw V2O5 flakes continued to fall to 97,000-98,000 CNY/Ton in cash, and the downstream factories push prices down strongly; in the cold transactions, some holders continued to make price changes, but the actual transactions were still small.
The ferrovanadium market continues its downward trend. Given the continued decline in raw materials and weak demand, it may remain weak in the short term; insiders continue to pay attention to the bidding prices of mainstream steel mills.
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