The Vanadium Market Activity Is General And The Transaction Is Weak
www.ferroalloynet.com:Bulk cargo activity in the vanadium market is not high, and trading is relatively light. Retail V2O5 flake manufacturers are generally willing to ship their products, and their quotations are still high at 133,000-135,000 CNY/Ton. Alloy prices are unstable, high price V2O5 flake purchases are cautious, and low-priced sources are difficult to inquire.
The price of vanadium-nitrogen alloys is firm. The major manufacturers’ quotations were raised yesterday. The alloys adjusted their quotations to support vanadium-nitrogen manufacturers. At the same time, the raw material market shipment quotations remained high. Vanadium-nitrogen plants purchased less V2O5 flake. Currently, the mainstream transaction price is 130,000-132,000 CNY/Ton in cash, and a small amount of cash transactions of 133,000 CNY/Ton.
The mainstream quotations of VN manufacturers are 200,000 CNY/Ton by acceptance, the transaction price followed up slowly, and it is 195,000-196,000 CNY/Ton in cash. The mainstream quotations in the ferrovanadium bulk market are 145,000-146,000 CNY/Ton in cash, with fewer transactions, and the low price is slightly tighter than before. The bidding of steel plants is still in progress, and we will continue to wait and see the situation of the bidding.
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