The Vanadium Market Is Deadlocked

www.ferroalloynet.com:A summary of the quotations of various domestic vanadium products today: metallurgical ammonium metavanadate98% of 115,000-117,000 CNY/Ton, retail V2O5 flake of 121,000-122,000 CNY/Ton, ferrovanadium50 of 127,000-130,000 CNY/Ton, VN alloy of 179,000- 183,000 CNY/Ton, all are cash prices including tax.

At present, the domestic vanadium product market running is deadlock and smooth, and steel bidding continues. Most of the bidding prices for VN alloys are 182,000-183,000 CNY/Ton acceptance tax-included, and ferrovanadium50 are 128,000-129,000 CNY/Ton acceptance tax-included. The quotations of the alloy plants are stable, and the bulk cargo transactions volume are average. Looking at the raw material side, retail V2O5 flake transaction prices are 119,500-120.5 00 CNY/Ton,metallurgical ammonium metavanadate98% is 112,000-115,000 CNY/Ton, low prices are reluctant to sell, and high prices are difficult to sell. In the short term, the fluctuation of vanadium prices is expected to be small, there are insufficient support for the rise, and difficulty for cost support to fall, but the stalemate will proceed.

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