V2O5 Flake Market Is Relatively Quiet

www.ferroalloynet.com: After Chengde Jianlong V2O5 flake signed an order for 400-500 tons last Wednesday, the bulk V2O5 flake market inquiries were slightly cold, while traders’ shipments increased, and the quotation was lowered to 126,000-127,000 CNY/Ton in cash, the actual small amount of goods was sold at 125,000- 125,500 CNY/Ton in cash. When the market resumed this week, the V2O5 flake market was quiet, and the holders said that there were no inquiries, so the willingness to quote is not high, and they can make shipments if the price is suitable. Although large V2O5 flake manufacturers have no much inventory, it has eased the tension in the market to a certain extent. In addition, the price of vanadium-nitrogen alloys has been stable and weak recently. The alloy factories naturally have low acceptance of high-priced V2O5 flake and reduce enthusiastic about purchasing. Tranvic also has plans to sign orders this week, and V2O5 flake shipments are still on the low side, which is expected to be 200-300 tons.

Given the tepid vanadium-nitrogen alloy market and the shipments of V2O5 flake from large manufacturers, we predict that bulk V2O5 flake will remain stable this week, with a dilemma between the ups and downs.