V2O5 Flake Transaction Is Sluggish, Ammonium Metavanadate Continues To Decline Slightly
www.ferroalloynet.com: The price of vanadium alloy is falling, and the transaction volume is small. The purchase of raw materials continues to wait and see, and the transaction is mainly based on rigid demand or small orders. The quotations of V2O5 flake will not change temporarily, but the downstream are reluctant to take orders at high prices; in the slow transaction state, the retail market quotation of 119,000 CNY/Ton of cash has begun to increase, but the downstream acceptance is still low, and the actual transaction has declined slightly to around 118,000-119,000 CNY/Ton in cash.
Facing the high price of V2O5 flake, some downstream manufacturers may prefer to purchase ammonium metavanadate for production; however, due to the continuous decline in prices of vanadium-nitrogen alloy and ferrovanadium, the purchase price of ammonium metavanadate has been greatly reduced. The shipment pressure of partial ammonium manufacturers is gradually increasing, and they actively make the price to 111,000-112,000 CNY/Ton in cash to promote the transaction; some alloy manufacturers said that trading companies may have sources of 110,000 CNY/Ton in cash, and the ammonium metavanadate market has different attitudes to shipments, downstream procurement has become more cautious.
Sales in the vanadium alloy market continued to be low, and transactions in V2O5 flake and partial ammonium metavanadate were also in a sluggish state. It is expected that the vanadium raw material market will continue to operate under pressure in the short term.
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