Vanadium Market Prices Continue To Drop The quotation of vanadium products at the beginning of the week: ammonium metavanadate 98% is 89000-93000 yuan / ton, V2O5 flake is 92000-93000 yuan / ton, FeV50 is 98000-100000 yuan / ton, VN alloy is 140000-142000 yuan / ton, all of which are by cash with tax.

Last week, VN alloy bidding price of ZENITH finalized at 143000 yuan / ton by acceptance with tax, some VN alloy manufacturers’ quotation was adjusted accordingly, and the actual transaction price of bulk goods was about 140000 yuan / ton by cash with tax. As the price of VN alloy falls, alloy plants are bound to be more cautious in purchasing raw materials. The market for V2O5 flake is under pressure simultaneously. The transaction price drops to 91500-92500 yuan/ton including tax by cash. Today’s quotation of large vanadium plants has not been adjusted. We will pay attention to the price adjustment direction of large factories this week. Ammonium metavanadate was traded at a low range to 88000-89000 yuan / ton, mainly purchased by VN alloy manufacturers. Some ammonium metavanadate manufacturers said that the market was not good and they would not ship for a short time. The market of ferrovanadium continues to be weak, and there is little difference between the quotations of manufacturers and traders, the quotation is 98000-100000 yuan / ton by cash with tax.

In the short and later period, the pressure on the vanadium product market will continue, the demand of terminal steel mills is insufficient and the domestic supply is still too much, so the weakness of vanadium market is difficult to change.