V2O5 Flakes Price Up With The Increased Quotation Of VN Alloy

www.ferroalloynet.com: At the beginning of this week, VN alloy manufacturers quoted at 150,000 Yuan/ton in cash with tax, a slight increase of 1000-2000 Yuan/ton compared with last Friday. The manufacturer’s mentality was strong and positive, and the trend of vanadium price in May was stable and bullish. At present, the raw materials are relatively scarce, and the prices of V2O5 flakes on the hands of retail suppliers are higher. The prices of manufacturers are mostly at 95,500-96,000 Yuan/ton in cash with tax, up by 500-1000 Yuan/ton compared with last week. Most of the sellers cherish the goods and are optimistic about the trend of VN alloy bidding. They think that there is a possibility of slight increase in the later period. The quotation of  metallurgical grade ammonium metavanadate is 92,000 Yuan/ton in cash with tax, and 82,000-83,000 Yuan/ton in cash without tax.

At present, the vanadium market is moving forward actively in May, the downstream alloy plants are more active in production and active in trading, and the demand of steel plants is significantly higher than that in April. Affected by the delay of production in the first quarter and other factors, the market is in a rush to produce, maintaining a good state of steel consumption. Rebar supported by short-term demand, with a slight increase in recent prices.

www.ferroalloynet.com