VN Alloy Steel Bidding Is Steadily Advancing
www.ferroalloynet.com:A summary of the quotations of various domestic vanadium products today: ammonium metavanadate98% price is 125,000-126,000 CNY/Ton, retail V2O5 flake is 133,000-135,000 CNY/Ton, vanadium-nitrogen alloy is 195,000-200,000 CNY/Ton, ferrovanadium50 is 145,000-150,000 CNY/Ton, all in cash including tax price.
The raw material side has little adjustment, ammonium metavanadate98% has a stable transaction, mostly in cash of 124,000-125,000 CNY/Ton. V2O5 flake is in a stalemate. The holders have firm quotations and are not willing to sell at low prices. However, the downstream alloy factories are hesitant to purchase V2O5 flake. Some manufacturers make purchase based on demands, and the actual transaction price in cash is 132,000-132,500 CNY/Ton.
The alloy side is advancing steadily. Today, vanadium-nitrogen alloy manufacturers have maintained stable quotations, with a small amount of low-priced resources cashing 195,000 CNY/Ton. Traders’ operations have slowed down and there are fewer inquiries. This week, the recruitment of vanadium-nitrogen alloy steel was slightly advanced, and the bidding price of mainstream steel exceeded 200,000 CNY/Ton by acceptance with tax, which was about 3,000 CNY/Ton higher than last week. The transaction of ferrovanadium was good, and the spot transaction price in cash was around 144,000-145,000 CNY/Ton, and the bidding price of steel was 146,000 -147,000 CNY/Ton by acceptance with tax.
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