Vanadium Market Is Stable In The Short Term After The Pricing Of Large Factories Yesterday, Tranvic and Desheng set the latest quotation for V2O5 flakes. The trading of V2O5 flakes, ferrovanadium and VN alloy in retail market was less. The suppliers remained high quotation for the time being. The buyers were careful not to start with the high price. The market wait-and-see atmosphere was strong. It is expected that the vanadium price will be dominated by the stable trend in the short term, waiting for the increase of transaction.
1. The price of retail market is different after the pricing of large factories
In the afternoon of yesterday, Tranvic and Desheng finalized the latest offer of V2O5 flake as 107,000 Yuan/ton by acceptance, which was increased by 7000 Yuan/ton compared with the previous round of offer, while a small number of deals were made in the bulk market of 110,000-113,000 Yuan/ton. Up to now, there is still quotation of 110,000 Yuan/ton in cash for bulk V2O5 flakes. However, most alloy factories are cautious in purchasing bulk V2O5 flake with price higher than 110,000 Yuan/ton, waiting for the orders signed by the large factories.
2. FeV market deals are rare with few inquiries
According to the report of manufacturers and traders, after the upsurge of vanadium market retreated, the market inquiry became less and the manufacturers’ spot quotation is lack of reference. At present, the manufacturers’ quotation is about 110,000 Yuan/ton in cash, while the actual transaction in bulk market is still around 108,000-109,000 Yuan/ton. If the ferrovanadium manufacturers produce ferrovanadium with the V2O5 flake price of large factories, there is still a certain profit. Therefore, ferrovanadium plants are reluctant to purchase high priced V2O5 flakes in bulk market.
3. The gap between high and low bidding price of VN alloy
According to the recent bidding price of VN alloy, the bidding price of steel plant is 168,500-170,000 Yuan/ton in cash and 172,000-175,000 Yuan/ton by acceptance, but the bidding price opened in recent two days is the price negotiated before the pricing of large plants. At present, most VN alloy manufacturers are still arranging their orders, but the traders have a certain source of goods, and the current quotation is 169,000-170,000 Yuan/ton in cash with tax. The quotation of large V2O5 flakes plants is good for VN alloy manufacturers in a short period of time, but at the same time, it also makes insufficient support for the market. Subsequent steel plants intend to reduce the price in the bidding.