The Domestic Vanadium Market Overall Fell Slightly This Week

www.ferroalloynet.com: This week’s domestic vanadium market performance is relatively weak. After the price of large vanadium plants is confirmed, the price decline of V2O5 flake in bulk market slows down. However, due to the weak demand of downstream alloy factories, the price of V2O5 flake decreased by 1000 Yuan/ton in this week, while ferrovanadium and vanadium-nitrogen alloy also drop by about 1000 Yuan/ton in this week. Up to now, the bidding price of vanadium-nitrogen alloy from steel plants is at 145,000 Yuan/ton by acceptance, and the corresponding bulk market transaction price is also very difficult to be lower than the cash price of 142,000 Yuan/ton, so the VN alloy manufacturers have shown a certain attitude of supporting the market.

At present, the operating rate of ammonium metavanadate manufacturers is still low, and the quotation of chemical grade ammonium metavanadate varies from 94,000 Yuan/ton to 98,000 Yuan/ton. Affected by the price of V2O5 flakes, the intention price of some downstream alloy plants to purchase ammonium metavanadate is below 90,000 Yuan/ton, but ammonium metavanadate enterprises are unwilling to sell due to the high production cost. Currently, the price of V2O5 flake in bulk market quoted at 93,000 Yuan/ton, there is no sales problems with this spot price, but the liquidity is small. It is expected that the vanadium market will continue to be weak next week, but the actual transaction may be difficult to fall again.

www.ferroalloynet.com