Under The Bullish Atmosphere, It Is Difficult To Purchase Ammonium Metavanadate

www.ferroalloynet.com:Recently, there is a strong bullish atmosphere in the vanadium market. The quotations of major  manufacturers have been raised, and the quotations of all upstream and downstream products in the vanadium market have been raised, especially in the raw material market. At present, there are only a handful of domestic manufacturers that produce ammonium metavanadate stably, and the monthly output in the market is relatively stable, which can basically meet the needs of chemical and alloy manufacturers. Today, the alloy plants have active inquiries for ammonium metavanadate, but most of the ammonium metavanadate manufacturers have low quotation intentions. Because they are generally bullish, they are reluctant to sell goods temporarily, saying that they will make shipments when the market become more stable and clear. There are also some ammonium metavanadate manufacturers quoting at 118,000 CNY/Ton in cash, and the alloy manufacturers’ target purchase prices are around 117,000 CNY/Ton. In the seller’s market, the holders are unwilling to make price changes, and their mentality is firm and positive.

www.ferroalloynet.com