Vanadium Market Runs Stably Today’s domestic quotation of vanadium products: ammonium metavanadate98% is 120,000-122,000 CNY/Ton, retail V2O5 flake is 126,000-127,000 CNY/Ton, ferrovanadium50 is 128,000-135,000 CNY/Ton, vanadium-nitrogen alloy is 188,000-193,000 CNY/Ton, all are cash prices including tax.

The overall quotations of downstream alloy plants were firm this week, while traders have become more difficult to purchase at lower prices, and bulk cargo transactions have slowed down. In the past week, large V2O5 flake manufacturers have signed orders for shipments. Although the volume is limited, it has eased the tension in the V2O5 flake market to a certain extent. In addition, the alloy transaction price is relatively stable, and the signs of increase are not obvious. Therefore, alloy factories’ acceptance is limited in the face of high-priced V2O5 flake, it is difficult for retail V2O5 flake holders to sell at high prices. At present, retail V2O5 flake is generally quoted in cash at 126,000-127,000 CNY/Ton, and the vanadium-nitrogen alloy plant’s intentional purchase price does not exceed 125,000 CNY/Ton. The upstream and downstream are once again in a stalemate game state. Ammonium metavanadate was barely stable, and the transaction price was 120,000-122,000 CNY/Ton in cash. Some vanadium-nitrogen alloy plants believe that this price is slightly higher, but it is difficult to purchase at low prices.