VN Alloy Fell Nearly 7000 Yuan / Ton In A Week
www.ferroalloynet.com: Today’s quotations of vanadium products are as follows: ammonium metavanadate 98%: 78000-80000 yuan / ton; V2O5 flake: 79000-80000 yuan / ton; FeV50: 90000-91000 yuan / ton; VN alloy: 122000-123000 yuan / ton, all of which are by cash including tax.
This week, the domestic vanadium market is still in a downward trend. At the end of the month, there were not many tenders from steel mills, the terminal demand is insufficient, and the domestic oversupply status has not been improved. The vanadium price is falling day by day. The upstream and downstream vanadium enterprises are generally bearish on the market, and their mentality is relatively pessimistic, and their operation becomes more cautious. In one week, the transaction price of V2O5 flake dropped by nearly 5000 yuan / ton. Yesterday, the quotation of V2O5 flake was 79000 yuan / ton by cash with tax, which was not satisfactory, and the enthusiasm of alloy plants to purchase was not high; the price of FeV50 decreased by 3000 yuan / ton in a week, and the steel mill’s purchasing price is about 90000-91000 yuan / ton by acceptance with tax, while the manufacturers’ quotation was slightly higher, therefore the turnover was not ideal; the price of VN alloy dropped 7000 yuan / ton in a week, and the manufacturers’ quotation was generally at 122000-123000 yuan/ton by cash with tax. However, the actual bidding price of steel plants also dropped to 120000 yuan / ton by cash with tax.
The mentality of upstream raw material manufacturers is different. Some small stone coal vanadium extraction plants stop production and wait to see the later market price, and some manufacturers are in production but temporarily do not sell at a low price; in terms of V2O5 flake, some manufacturers adjust the price according to the market, while some suppliers have not delivered goods in recent months, expecting the market to recover. Three large V2O5 flake plants have not signed orders nearly a week, with a little inventory, we will continue to pay attention to whether there is a price adjustment plan.
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