Vanadium Enterprises Wait And See Tender Of Steel Plants

www.ferroalloynet.com: Today’s quotations of vanadium products are as follows: ammonium metavanadate 98%: 83000-85000 yuan / ton; V2O5 flake: 83000-84000 yuan / ton; FeV50: 92000-93000 yuan / ton; VN alloy: 130000-132000 yuan / ton, all of which are by cash including tax.
At the beginning of the week, most of the VN alloy manufacturers were unwilling to quote, and the vanadium market was under pressure. The price did not stop falling. It is hard to sell with a low price and trade with a high price, so the quotation was of little significance. In terms of raw materials, today’s quotation of V2O5 flake retailer is 83000-84000 yuan / ton by cash with tax. Some VN alloy manufacturers purchase based on their orders, and they intend to wait for the tender of steel plants before purchasing raw materials. Last Friday, the tender price of VN alloy dropped to 128000 yuan / ton by acceptance with tax, and based on this price, the price of V2O5 flake should be between 80000-82000 yuan / ton by cash with tax. It is estimated that the inquiry price of VN alloy manufacturers will be adjusted to 82000 yuan / ton.
At present, there is no market for ammonium metavanadate, the overall turnover is relatively small, and some manufacturers see the market going down and are in a wait-and-see state; the ferrovanadium market is also in a downward trend, and the manufacturer’s quotation is adjusted to 92000-93000 yuan / ton by cash with tax, and the tender price of steel plant is 93000-94000 yuan / ton by acceptance with tax, so the transaction is in deadlock.
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