Vanadium Market Less Active, Wait-and-see Sentiment Become Strong

www.ferroalloynet.com: Vanadium market activity has slightly decreased, and raw material market quotation is less, retail piece V2O5 flake manufacturers shipment offer is higher and they don’t want to sell at low prices, so manufacturers enthusiasm is reduced, and the mainstream offer is more in cash of 110,000-112,000 CNY/Ton, but the actual transaction price is in 109,000-110,000 CNY/Ton. There is less ammonium metavanadate manufacturers to ship, and they are reluctant to sell at low prices, so manufacturers are hesitant to purchase at high prices.

European ferrovanadium prices fluctuate slightly upward, on March 3, European ferrovanadium was  34-34.7 USD/ kg V, which is converted into ferrovanadium 50 of about 109,800-112,000 CNY/Ton. The domestic ferrovanadium market transaction is general, and manufacturers offer firmly; the mainstream offer is in cash 117,000-120,000 CNY/Ton.

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