The Domestic Vanadium Market Fell Slightly This Week
www.ferroalloynet.com: Since the beginning of this week, the domestic vanadium market has declined slightly in the environment of weak demand in the middle of the month, and the products that showed active price rise in the early stage have declined even more recently. Compared with the beginning of this week, the price of FeV has declined by 1000 Yuan/ton, the price of V2O5 flake has declined by 3000 Yuan/ton, and the price of VN alloy has declined by 6000 Yuan/ton. As the price fluctuates greatly and the demand is active, V2O5 flake and VN alloy become the most attractive products in the vanadium market.
At present, the quotation of V2O5 flake in bulk market is mainly 106,000 Yuan/ton, and the transaction price is between 105,000 Yuan/ton and 106,000 Yuan/ton. Downstream manufacturers are willing to accept 105,000 Yuan/ton of goods. Jianlong has signed out all orders, Tranvic and Desheng normally sign the orders at the price of 107,000 Yuan/ton by acceptance, and the quantity of goods taken by VN plants is slightly reduced. At present, the lowest market price of ammonium metavanadate is 100,000 Yuan/ton, and the price of chemical grade ammonium metavanadate cannot be higher than 104,000 Yuan/ton due to the poor downstream demand.
Up to now, the price of FeV50 in the market has been stuck at about 106,000 Yuan/ton. There are many sources of bulk goods to be quoted, but the actual purchase is less. The manufacturers still have old customers to maintain the demand, while the traders can not receive the inquiry during the period of price weakness. However, due to the high cost, it is difficult for FeV manufacturers to make concessions again, so the FeV market will continue to be stuck in the short term, and the future price will be subject to the fluctuation of raw materials influence.
Yesterday, the final bidding price of 90 tons of VN alloy from ZENITH was 161,500 Yuan/ton by acceptance with tax, and 30 tons of VN alloy was 162,000 Yuan/ton by acceptance with tax. Before the first round of negotiation, the highest acceptable price of ZENITH was 163,000 Yuan/ton, and ZENITH received many quotations, thus the final purchase price was low. However, with such low price, the manufacturers were in the state of no profit or even the cost was hanging upside down, therefore most manufacturers did not participate in the bidding of ZENITH. At present, the quotation of manufacturers is still at 162,000 Yuan/ton in cash, However, from time to time, the bulk market does have transactions with a low price of about 160,000 Yuan/ton.
As far as the current situation is concerned, it is expected that the price of raw materials will not fluctuate much in the next week, and the risk of FeV and VN alloy cost hanging upside down will be relatively high. Due to the Dragon Boat Festival next week, the steel plant procurement may be relatively concentrated at the end of this month and the beginning of next month, and the weak demand will still have a week or so.
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