Vanadium Prices Continue To Fall, Oversupply Is Still Difficult To Be Improved

www.ferroalloynet.com: Today’s quotations of vanadium products are as follows: ammonium metavanadate 98%: 84000-86000 yuan / ton; V2O5 flake: 86000-87000 yuan / ton; FeV50: 95000-96000 yuan / ton; VN alloy: 134000-136000 yuan / ton, all of which are by cash including tax.

Recently, the price vanadium products has been falling continuously, steel mills have lowered their purchasing prices, alloy factories are passive to sell. Steel mills have insufficient demand due to limited production, the relationship between supply and demand of vanadium products has not been improved, therefore the market atmosphere is depressed, and the enthusiasm of inquiry and offer is not high. Yesterday, the VN alloy tender price of steel plants was lowered to 136000 yuan / ton by acceptance with tax, while the transaction price of V2O5 flake retailers has dropped to 86000 yuan / ton by cash with tax. Today’s quotation of V2O5 flake is 86000 yuan / ton, which is slightly difficult to deal with. After the pricing of the three major V2O5 flake plants, the downstream alloy plants signed partial orders, but today there is no new orders signed.

The price of ammonium metavanadate is passively adjusted due to the influence of VN alloy market. The current quoted price is 84000-86000 yuan / ton by cash with tax, but there are not many transactions made. Some manufacturers are reluctant to lower their prices and continue to wait and see. The market price of ferrovanadium is lowered synchronously, and the quotation of manufacturers is 95000-96000 yuan / ton by cash with tax. The actual transaction price is low and the output is determined by sales.

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