Traders Off Market For Holidays In Vanadium Market With the Spring Festival approaching, vanadium trading is light. Traders have less inventory and are off market for holidays. Some traders failed to purchase at low price.

The normal order production and delivery of alloy are mainly missions for the factories now. Some manufacturers do not accept orders and do not offer prices. At present, there are few V2O5 flake in the bulk market, and some traders’ quotations have been raised to 95 thousand yuan / ton with tax by cash, so there is no deal. The spot price of VN alloy is more than 146000 yuan, and the price of FeV is 98000 yuan / ton.

Ammonium metavanadate has few transactions this month. The manufacturers have normal production, increased inventory, and low sales intention. We expect the market to recover after the festival.