Vanadium Market Fluctuated Little In The Middle Of The Month
www.ferroalloynet.com: By the middle of the month, the spot market activity of vanadium alloy decreased, and the market transactions decreased. The manufacturers who received orders during the bidding process produced and supplied goods, and the manufacturers with inventory kept firm quotations and watched the market. At present, the consumption of vanadium alloy in China was insufficient in the past round of bidding. After the bidding of steel plants, there was still a certain amount of inventory, waiting for slow consumption in the later market. These manufacturers were more cautious about purchasing raw materials. Large factories who have long-term agreement maintain the orders signing, while the bulk raw materials tend to weaken.
At present, the quotation of V2O5 flake in the bulk market is still at 105000 yuan / ton in cash with tax. According to market information, there are a few transactions below this price. In the current market with relatively less inquiry, they are pessimistic to sell goods. Downstream alloy factories believe that the current supply of V2O5 flake at 105000 yuan / ton is sufficient, and they are unwilling to purchase under weak demand. It is expected that the phenomenon of future market concession will increase, which will lower the transaction price of bulk V2O5 flake. Under the condition of sufficient supply of V2O5 flake, the amount of ammonium metavanadate going to the metallurgical end is reduced, and the price is not high. At present, the price of ammonium metavanadate which can be accepted by VN alloy plants is about 97000-98000 yuan / ton, and the transaction price of chemical grade ammonium metavanadate is about 99000 yuan / ton, and the later market will be slightly weak.
At present, the transaction of ferrovanadium market is relatively stable, and the weakening and fluctuation of raw materials have shaken the confidence that the ferrovanadium market will continue to be strong. At present, the main transaction price of ferrovanadium is about 106000 yuan / ton in cash with tax, and it is difficult to continue to rise in the later market. Some manufacturers have said that the price of 108000 yuan / ton in cash has been accepted by steel mills, but the actual situation needs to be verified. It is estimated that the later ferrovanadium market will be temporarily maintained steady progress.
The quotation of VN alloy is the same as that of yesterday. Most manufacturers stick to the offer of 165000 yuan / ton in cash with tax, but the transaction situation is not optimistic. Some low prices are about 164000 yuan / ton, and the spot prices of bulk goods and small factories are 163000 yuan / ton. Traders who have orders with steel mills operate at a small profit. The downstream steel market is weakening, and the inventory is accumulating slightly, and no signs of demand improvement. In August, the weather is rainy for a long time, and alloy and steel are in the state of waiting for market.
Yesterday, the vanadium price in European market unchanged. The price of ferrovanadium was 24.0-24.5 USD/KgV, convert into 50# ferrovanadium RMB price was 83,500-85,300 Yuan/ton. The price of European V2O5 maintained at 5.1-5.6 USD/LB V2O5, convert into V2O5 98% RMB price was 76,700-84,200 Yuan/ton; the price of ferrovanadium in United States was 9.5-10.0 USD/LB V, convert into 50# ferrovanadium RMB price was 72,900-76,700 Yuan/ton.
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