The Vanadium Price Reduction Leads To Slack Trading And It May Keep Weak In The Short Term Due to the continuing influence of weak demand, the sales difficulties of downstream alloys in vanadium market have shifted to upstream raw materials. The quotations of V2O5 flake have a downward trend, which are around CNY 124,000-126,000/t, and the downstream is still hesitant to purchase. The alloy market has also seen few transactions recently. Although some manufacturers’ quotations of raw materials are still firm at CNY 193,000-194,000/t by cash, the bulk quotations are as low as CNY 190,000/t have exerted considerable pressure on manufacturers. Traders’ purchase price have been pushed down to the low level of CNY 185,000-187,000/t, and the market is deadlocked.

From July till now, the trend of vanadium market is as follows: the output of V2O5 flake has increase, the alloy is hard to be consumed, alloy plants has cut the procurement for raw materials, the price of V2O5 flake has reduced, and vanadium prices have edged down. According to the supply of V2O5 flake, ferrovanadium, vanadium-nitrogen alloy and the demand situation of steel mills, it is difficult to stop the weakness in the future market in the short term, and the market pays more attention to the later trend of large V2O5 flake plants.