VN Price Remains Strong, And The Bidding Price Of Ferrovanadium Is Weak
www.ferroalloynet.com: At the end of the month, vanadium-nitrogen alloy steel bidding were released one after another, priced at around 186,000-190,000 CNY/Ton in cash. Most manufacturers have low inventory and cost support, so the price sentiment is relatively strong, and the quotation is not less than 190,000 CNY/Ton in cash. The purchase intention of some traders to deliver orders is around 185,000 CNY/Ton in cash, but it is difficult to find the source of goods at this price. Retail V2O5 flake prices are still stalemate at 125,000–126,000 CNY/Ton in cash, and the production cost of vanadium-nitrogen alloy is calculated to be around 188,000 CNY/Ton in cash. The pressure on the production cost of vanadium-nitrogen still remains.
Ferrovanadium: This week, some steel mills’ bidding for ferrovanadium continued to be under pressure at around 127,000 CNY/Ton (by acceptance), and the pressure on ferrovanadium production continued to deepen. The quotations of ferrovanadium in Jinzhou are mostly around 132,000-133,000 CNY/Ton in cash, and the willingness to make price is low; traders’ sentiment for cashing out shipments at the end of the year remains undiminished, and some quotations remain low at around 126,000–127,000 CNY/Ton in cash.
This week, the overall turnover of vanadium alloys is mainly stable. Next week, we need to continue to pay attention to the bidding situation of medium and large scale steel mills
