This Week, The Main Body Of The Vanadium Market Stabilized And Individual Adjust
www.ferroalloynet.com:A summary of the quotations of various domestic vanadium products today: 98% metallurgical ammonium metavanadate98% of 115,000-117,000 CNY/Ton, retail V2O5 flake98% of 120,500-122,000 CNY/Ton, ferrovanadium50 of 126,000-130,000 CNY/Ton, VN alloy of 179,000-183,000 CNY/Ton, all prices are cash inclusive of tax.
This week, the upstream and downstream vanadium products are stable, and individual quotations may be adjusted within a narrow range, and the overall transaction is deadlocked. The price of raw materials remained high. Although the alloy plant reduced the price for purchases, the intentional purchase price of vanadium did not exceed 120,000 CNY/Ton in cash, but the holders were still reluctant to sell, and the intention to sell at a price reduction was not high. The lowest quotation in cash was 120,500-121,000 CNY/Ton. The actual cash transaction amounted to 120,000-120,500 CNY/Ton. Ammonium metavanadate price is relatively stable, there are not many high-priced transactions, and the sales of chemical V2O5 powder are lagging behind, so buyers have limited acceptance of high-priced.
The alloy end is slightly loosened, most manufacturers’ quotations are firm and stable, and some traders have slightly reduced their prices. VN alloys offer 179,000-180,000 CNY/Ton in cash, and ferrovanadium50 offers 126,000-127,000 CNY/Ton in cash. Real orders are available. Bargaining space is also relatively limited. The bidding for alloy steel this week is quite satisfactory. VN alloy accepts 182,000-183,000 CNY/Ton, and ferrovanadium50 price is 128,000-129,000 CNY/Ton acceptance. More steel bidding will be focused on next week and people continue to pay attention.
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