V2O5 Flake Supports Strong Ferrovanadium Prices, But Actual Demand Is Still Weak
www.ferroalloynet.com: The retail sales of V2O5 flake steadily increased slightly to 125,000–126,000 CNY/Ton in cash. According to market sources, the transaction price of individual urgent orders was relatively high, but the transaction volume was small. The enthusiasm of retail V2O5 flake quotations increased slightly today, and the mainstream is around 128,000-130,000 CNY/Ton in cash. Some alloy plants said that it is difficult to find the source of 125,000 CNY/Ton in cash.
Production costs continued to rise, and the quotations of ferrovanadium remained chaotic, with cash of 132,000-135,000 CNY/Ton. The recent demand for ferrovanadium has remained weak. Although the transaction price has continued to rise, the actual transaction volume is still small, and scattered small orders are still the main ones, high-priced transactions still need to be followed up. Due to the tight supply of raw materials, most manufacturers and traders are reluctant to sell, and most are unwilling to ship with less than 130,000 CNY/Ton.
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