V2O5 Flake Transactions Slightly Followed Up

www.ferroalloynet.com: Yesterday, the high transaction price of V2O5 flake has reached 110,000 CNY/Ton in cash including tax. Holders are actively shipping, and some alloy factories and traders have purchased, and trading activity is good. The price of ammonium metavanadate has not fluctuated too much. The metallurgical grade ammonium meta-ammonium98% is mainly sold in cash of 100,000-102,000 CNY/Ton.

Ferrovanadium manufacturers quoted 118,000 to 120,000 CNY/Ton in cash for maintaining stability, steel bids were low, and bulk cargo prices remained firm. The quotations of VN alloy manufacturers were unchanged compared to yesterday, and traders were more enthusiastic about shipments. The quotations were relatively low, mostly in the range of 165,000 to 172,000 CNY/Ton in cash. There were not many transactions in the bulk market and fewer inquiries.

There were many biddings for steel mills this week. Manufacturers refer to quotations of V2O5 flake. They are relatively strong and have low intentions. In addition, some large plants will have to overhaul their blast furnaces in March, which is expected to affect nearly 1,000 tons of vanadium pentoxide as a whole, and domestic vanadium resources are slightly affected. There has been a decrease, the international vanadium price continues to rise, and both internal and external support, so most of the vanadium enterprises hold the view of steady progress in the short-term market.

At present, the transaction price of CN alloy has not kept up with the upward adjustment of V2O5 flake.