The Tug-Of-War Between Supply And Demand Continues, High-Priced V2O5 Flake Transactions Need To Be Followed Up Both the supply and demand sides of the vanadium market continue to play games, and the market is deadlocked. Retail V2O5 flake quotations remain strong, and it is difficult to find the source supply if the price is less than 122,000 CNY/Ton in cash; but the downstream alloy manufacturers’ inquiries and purchase intentions are mostly 120,000-121,000 CNY/Ton in cash. They are very cautious about high prices and unwilling to take orders. .

Vanadium-nitrogen alloy: Yesterday, Shougang Changzhi finalized vanadium-nitrogen bidding price at 184,900 CNY/Ton (by acceptance); the biding price from Anyang Yongxing was 183,200 CNY/Ton in cash; and 181,500 CNY/Ton in cash from Fujian Sanming. The bidding price of vanadium-nitrogen alloy remained stable, and manufacturers had a strong attitude towards prices under cost pressure; however, with the exception of steel recruitment, the actual market transactions were small. ZTzenith and Hebei Jingye Iron and Steel have successively entered the site for bidding and procurement, and the vanadium-nitrogen market will continue to pay attention to the pricing of medium and large scale steel bidding.
Ferrovanadium: The transaction of ferrovanadium is still not improving, and the tenders for steel plants are sparse and the quantity is small; coupled with the difficulty in finding V2O5 flake at low prices, the production of ferrovanadium continues to hang upside down, and the pressure on the production and operation of ferrovanadium enterprises remains unabated. In the case of weak demand but rising costs, manufacturers give offer prices at 130,000-133,000 CNY/Ton in cash; some traders offer low prices, around 126,000-128,000 CNY/Ton in cash.