www.ferroalloynet.com: In recent two days, the bidding price of VN alloy fluctuated around 120000-122000 yuan / ton by acceptance with tax, and the steel mills purchased at a lower price. Most of the manufacturers kept their prices stable, and the transaction price of VN alloy gradually stabilized, showing some signs of stopping falling. In the same way, with the rapid decline of vanadium price in the early stage, the low transaction price of V2O5 flakes directly pulled to 78000 yuan / ton by cash including tax. Although some manufacturers have a slight inventory pressure, the price of vanadium has fallen, and the manufacturers are about to face cost inversion. Therefore, the sentiment of cherishing goods is strengthened, and the sales intention with low price is gradually reduced. Today, they said that they will not offer for the time being, and stand up for the market.
With the stable price of V2O5 flake retailers, the three major factories are keeping a firm state. This month, the price of V2O5 flake remains at 90000 yuan / ton by acceptance with tax. As far as the current market is concerned, the quotation of large factories is on the high side, and the downstream alloy plants will definitely not purchase. However, the intention of large factories will certainly promote the attitude of alloy factories to maintain prices. Without raw materials with appropriate prices, alloy factories dare not accept orders at low prices. Today, some VN alloy plants quoted at 122000-123000 yuan / ton by cash with tax, and some traders quoted at 121000-122000 yuan / ton, which was slightly lower than the manufacturer’s quotation. However, with the increase of vanadium enterprises’ firm prices, traders have become more cautious in shipping at low prices.
Similarly, most of the quotations of ammonium metavanadate are 79000-80000 yuan / ton by cash with tax, and there is no transaction at low price; the market of ferrovanadium is still in a deadlock, and manufacturers who are willing to offer quote at 88000-89000 yuan / ton by cash with tax, and manufacturers without raw materials dare not accept new orders, becasue it is difficult to inquire about the appropriate price of V2O5 flake.
In a word, the upstream and downstream of vanadium market are in a state of stalemate, and traders’ inquiries are increasing, and manufacturers are mostly waiting for the change.
www.ferroalloynet.com