The Price Decreases Slightly In Vanadium Market, Waiting For Steel Mills’ Bidding Price
www.ferroalloynet.com: The vanadium market fell slightly, and the market trading atmosphere was general. At present, low-priced vanadium and nitrogen sources are increasing, and there are a small amount of cash transactions of 190,000-192,000 CNY/Ton in the market. Manufacturers are not enthusiastic about quotation, and said that the current quotation is of little significance, and market inquiry enthusiasm is low and the transaction is difficult. Some vanadium and nitrogen manufacturers said that the cost of raw materials in the early stage was relatively high, and now they will be pressured if they are shipped at low prices, so they have to wait and see.
Retail V2O5 flake holders are becoming more active to make shipments, and market circulation sources have increased. Shipment quotations are mostly closer to long unit prices, with cash of 130,000-130,500 CNY/Ton, but alloy factories have low purchasing intentions, and some indicate that they purchase cash of 128,000 CNY/Ton, it is currently difficult to purchase at this price, and the upstream and downstream transactions are more cautious and wait and see, waiting for the end of the month, whether the steel bidding will stabilize the market.
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