V2O5 Flake Transaction Continues To Rise, Up By Approximately 11.62% From The Beginning Of The Month

www.ferroalloynet.com: The transaction of V2O5 flake rose sharply, the major manufacturers yesterday set a price of 116,500 CNY/Ton (by acceptance), an increase of 9,000 CNY/Ton from the previous round; retail transactions are 120,000-121,000 CNY/Ton in cash, an increase of nearly 6,000 CNY/Ton from the previous day. After large V2O5 flake manufacturers are tight on the supply, retail V2O5 flake investors continue to cover their goods. Driven by some rigid-needed purchases, the price of V2O5 flake has risen by about 14,000 CNY/Ton from the beginning of the month, an increase of nearly 11.62%.

Traders and alloy factories are active in inquiries, but most of them said that the spot is hard to find. Some holders maintain long-term cooperative customer relationships and make a small amount of shipments, and the overall increase sentiment is getting stronger. At present, V2O5 flake holders are still reluctant to ship, and there are few market quotations; V2O5 flake is expected to remain strong in the short term.