www.ferroalloynet.com: This week, the vanadium price has stopped falling and stabilized. The tender price of vanadium alloy tends to be stable, which shows a slight sign of stopping falling and stabilizing compared with last week. Although the steel mill has lowered the price, the manufacturer said that they are not willing to sell if the price of VN alloy is lower than 120000 yuan / ton by acceptance with tax, so the tender price of VN alloy is barely stable at 120000-122000 yuan / ton by acceptance with tax, and the tender price of FeV50 is 87000-88000 yuan / ton by acceptance with tax.
In the same way, the upstream raw material market has been adjusted compared with the previous period. At the beginning of the week, a small amount of V2O5 flakes were traded with 78000 yuan / ton by cash with tax. Subsequently, the shipping intention of the suppliers gradually decreased. Some manufacturers pull up quotation or temporarily did not offer. The market transaction was not ideal currently, and the price of V2O5 flake was rigid. As the transaction of downstream vanadium alloy was barely stable, the transaction of V2O5 flake was still not good at 79000-80000 yuan / ton, and V2O5 flake market once again fell into the embarrassing state of “no deals with high price, no sales with low price”.
After the end of this week’s bidding for vanadium alloy from medium and large-scale steel mills, it remains to be seen the transaction situation of vanadium market in the middle of the month and whether the inventory pressure of vanadium products can stabilize the market. Traders should be cautious and pay more attention to the bidding trend of vanadium alloy.
www.ferroalloynet.com