Vanadium Market Wait-and-see Mood Is High

www.ferroalloynet.com: Today, the mainstream quotation of VN alloy is 138000-14000 yuan / ton by cash with tax, with a few manufacturers offering more than 140000 yuan/ton. The overall quotation of VN alloy market is relatively rare, andVN alloy manufacturers generally keep a wait-and-see attitude. Yesterday, Tranvic’s new price of V2O5 flake was 88500 yuan / ton by acceptance with tax, and it did not start to sign orders for shipment. At present, there are not many quotations from retail investors, and they are not active to sell for the time being.
The rise in raw material prices has driven up the prices of downstream markets. However, the manufacturers said that the current high-level transaction of VN alloy has not been followed up. Manufacturers and traders have a high wait-and-see mood and operate cautiously. At present, VN alloy manufacturers pay high attention to the sales of V2O5 flakes factories. For the future price trend, they are waiting for the actual transaction in the market and the bidding situation of steel mills.
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