Vanadium Market Tends To Be Stable And Transaction Is Rare After the centralized bidding of VN alloy last week, the market transaction became more and more flat. Occasionally, there were three or two steel plants invite bidding, and the transaction price tended to be stable compared with last week, and the adjustment was not large. The bidding price of VN alloy was 131000-133000 yuan / ton by acceptance with tax, and the price of FeV50 was 91000-92000 yuan / ton by acceptance with tax. It is obvious from the bidding trend that it is difficult for steel mills to reduce the purchasing price again. Similarly, the price of VN alloy is hard to continue to rise, and the transaction tends to be stable.
The bulk market transaction is more prosaic, the transaction price of metallurgical ammonium metavanadate is 79000-80000 yuan / ton by cash with tax, and that of chemical grade is 83000-85000 yuan / ton; the transaction volume of bulk V2O5 flakes is small, and the holders are reluctant to sell. The quotation of some spot goods is 84000 yuan / ton by cash, but the purchasing intention of downstream alloy plants is not high. Most of the VN alloy and ferrovanadium manufacturers are in the process of arranging orders. The quotation is firm and stable. Traders have little space to operate, so it is difficult to inquire with low price, waiting for the price adjustment in the middle of the month. Part of the transactions were scattered and the volume was small with the price of 131000 yuan / ton by cash with tax, and the transaction price of FeV50 was around 91000 yuan / ton by cash with tax.