The Price Of Ferrovanadium Continues To Increase, And The Transaction Is Slightly Chaotic
www.ferroalloynet.com: After the major manufacturers of ferrovanadium made their quotations yesterday, holders were even more reluctant to sell, and most of them said they would not offer quotations for the time being. Downstream inquiries were more active, but market transactions were already chaotic. Bulk cargo transactions were around 105,000-107,000 CNY/Ton (by acceptance), and the quoted price was 108,000-110,000 CNY/Ton (by acceptance).
Because retail V2O5 flake continues to rise to 96,000-97,000 CNY/Ton in cash, in the face of rising costs, ferrovanadium plants have a strong upward mentality, and low prices do not consider shipments. Currently, quotations in the ferrovanadium market are scarce. In the face of continuously rising prices, except for rigid demand or back-to-back orders, some downstream factories are still cautious about high-priced purchases. There are not many bidding for ferrovanadium, the actual market transactions are relatively small, and the game between supply and demand continues.
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