The Vanadium Market Is Stable And Stalemated, With Continuing Support Of The Manufacturers
www.ferroalloynet.com:This week, the domestic vanadium market fluctuates slightly, and the overall performance tends to be stable. The raw material end market accounts for a large proportion of V2O5 flake, which is supported and guided by the pricing of three large V2O5 flake factories. The VN alloy with a large proportion in the alloy end market is strongly supported by the manufacturers of the VN Alloy Association. The supply of ferrovanadium market accounts for the majority of the market transactions. Therefore, vanadium market has major products in various product regions. In the face of loose supply and sluggish demand, the atmosphere is weak, but the price can be barely stable.
This week, the market of V2O5 flake fluctuates between 105000-105500 yuan / ton. At the beginning of the week, the quotation at 105500 yuan / ton is easy to be traded. After Wednesday, the market gradually concentrates on about 105000 yuan / ton, which can still be traded at this price. However, according to the alloy factory, the supply of quoted goods at this price has increased, but it is difficult to purchase below 105000 yuan / ton. it is expected that the short-term V2O5 flake will still be in a standstill. However, under the loose supply environment, steel bidding will soon be over, and it is expected that the bulk vanadium will be slightly weaker.
The fluctuation range of ferrovanadium market this week is 104000-106000 yuan / ton by cash. The bidding price is maintained at 108000 yuan / ton by acceptance, which belongs to the high market price. However, the high bidding price does not boost the bulk market. There are less inquiries. Therefore, the holding traders are more willing to offer about 104000 yuan / ton to promote the transaction, and the manufacturer’s intended quotation is 106000-108000 yuan / ton by cash. The manufacturers who stop production are still waiting for the market, and the manufacturers in production still produce a small amount of products to the in-demand orders required by the old customers.
The current market quotation of VN alloy is 164000-165000 yuan / ton by cash, and some low-level transactions are at 163000 yuan / ton. This week, the mainstream bidding price is 167000-167500 yuan / ton by acceptance, which of some steel mills is slightly lower. The manufacturers of VN alloy association are strongly resistant to the low price, who intends to continue to strengthen the price and maintain the bidding price at about 167000 yuan / ton in the later market. The support of the association to the market will be the main force to stabilize the alloy market, and the attitude of everyone is related to the later market trend.
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