The Vanadium Market’s Gains Have Slowed Down This Week week, the vanadium market mostly focused on steel tender. There were fewer transactions in the retail alloy market, and the prices of various products rose slightly from the beginning of the week. Among them, V2O5 flake rose by 1,500 CNY/Ton, and vanadium-nitrogen rose by 3,000 CNY/Ton. Ammonium metavanadate and chemical V2O5 powder products rose by about 2,000 CNY/Ton.

This week, the vanadium market’s growth rate has slowed down compared with before. At the beginning of the week, there were many wait-and-sees. Most of them were waiting for steel bidding. At present, the bidding price of VN is 197,000-201,000 CNY/Ton (by acceptance), and retail transactions are mostly hovering at a low level. The price is 195,000 CNY/Ton in cash, a small amount of 196,000 CNY/Ton is currently shipped in cash.
The purchase status of V2O5 flake in the past two days has been positive, with cash transactions of 131,000-133,000 CNY/Ton, low prices are hard to find, and high-volume transactions are rare. The mainstream transaction price is 132,000 CNY/Ton in cash. At present, retail V2O5 flake plants are quoting 133,000-135,000 CNY/Ton in cash. Ferrovanadium is relatively stable this week, rising by about 2,000 CNY/Ton compared to last week. The current transaction price is 141,000-143,000 CNY/Ton in cash, and the demand is average.