Vanadium Market Stays Stalemate With Deals Decreased

The quotation of domestic vanadium products: the price of metallurgical ammonium vanadate98% is 99,000-102,000 CNY/Ton, and the piece of retail V2O5 flake is 105,500-106,000 CNY/Ton, ferrovanadium50 of 112,000-115,000 CNY/Ton, VN alloy of 158,000-163,000 CNY/Ton, which are all tax included in cash.

Today, prices of domestic vanadium product are partially changed lightly, and transaction price of partial ammonium vanadate is slightly reduced by 1000 CNY/Ton, and  mainstream transaction price of metallurgical ammonium vanadate98% is 99,000-101,000 CNY/Ton in cash, and the price is forced down in downstream, so procurement atmosphere is strong. Retail V2O5 flake is not adjusted temporarily, and the transaction price is the same with big factories, which is about 105,500 CNY/Ton in cash, and the merchant is still reluctant to sell at low prices, so intention to reduce the price again is not high. As for alloy, half of the manufacturers still keep the price and half of them adjust the market price, and terminal inquiry activity is not high, and some traders once again force the price to purchase. The game between the upstream and downstream is strong, and some alloy factories do not want to let the price down, so the amount of transaction is not much. At present, the actual transaction amount of bulk VN alloy is 157,000 to 158,000 CNY/Ton, and the amount of ferro-vanadium50 is 112,000 to 113,000 CNY/Ton in cash.

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