The Price Of Vanadium Alloy Was Increased With Seccissive Concluded High-priced Transactions Due to the small amount of V2O5 flake in bulk market, it is not enough to supply the demand of the terminal alloy factories. Recently, ferrovanadium and vanadium nitrogen alloy factories have gradually signed orders of large V2O5 flake manufacturers. The quotation of V2O5 flake in bulk market is basically the same as that of large factories, and the transactions have been completed in succession. However, at present, the price of V2O5 flake increase the pressure of the alloy factories. The alloy end raise the quotation passively with large inventories.

Compared with yesterday, the quotation of ferrovanadium manufacturers is low. At present, the manufacturers’ quotation is concentrated in 99000-102000 yuan / ton by cash, and the quotation of bulk market is slightly lower, about 98000-99000 yuan / ton. Although the quotation gap is large, there are a few transactions among manufacturers according to their own conditions. At present, most of the prices quoted by vanadium nitrogen alloy manufacturers are between  141000-142000yuan / ton by cash. The manufacturers are willing to hold a high price and it is difficult to purchase at a low price.

With the successive deals made by the large-scale factories, the alloy end can only recover the profit space through supporting the market. According to the current market mentality and raw material performance, the possibility of lowering the steel bidding price at the end of this month and the beginning of next month is relatively low, and the firm quotation of the manufacturers may make the steel bidding price rebound slightly.