V2O5 Flake Price Rose Slightly And VN Alloy Inquiries Increased
www.ferroalloynet.com:Summary of domestic vanadium product quotations today: the price of metallurgical ammonium metavanadate98% is 115,000-116,000 CNY/Ton, retail V2O5 flake is 121,500-122,000 CNY/Ton, ferrovanadium is 132,000-134,000 CNY/Ton, VN alloy is 182,000-184,000 CNY/Ton, all prices include tax in cash.
Recently, V2O5 flake market inquiries were active, and the transaction price rose slightly. Yesterday, the transaction price reached a high level of 122,000 CNY/Ton (by cash). The market’s low-price resources were tightened, and it was difficult to purchase at 121,000 CNY/Ton (by cash). Driven by rising costs, alloy quotations have been adjusted accordingly. Both manufacturers and traders’ quotations have been raised by 2,000 CNY/Ton, VN alloy quotations are 182,000-184,000 CNY/Ton, and scattered transactions are 180,000-181,000 CNY/Ton. The acceptance of steel bidding price was 183,000-185,000 CNY/Ton; the price of ferrovanadium was 132,000-134,000 CNY/Ton, the scattered transaction cash was 129,000-130,000 CNY/Ton, and the bidding price was 130,000-131,000 CNY/Ton (by acceptance). On the whole, the market is stable and bullish, and the manufacturers’ mentality is generally positive.
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