VN Spot Is Difficult To Inquire, Futures Quotations Continue To Rise
www.ferroalloynet.com: Today’s domestic vanadium alloy quotations: Pangang’s guidance price of vanadium-nitrogen alloy is 180,000 CNY/Ton (by acceptance with tax), which increased by 9,000 CNY/Ton, and ferrovanadium50 guidance price is 128,000 CNY/Ton (by acceptance with tax), which increased by 6,000 CNY/Ton; other domestic vanadium-nitrogen alloy manufacturers give futures offer prices at 180,000-185,000 CNY/Ton in cash, and it is difficult to inquire about spot resources.
Driven by the rise in V2O5 flake, the quotations of alloy factories have risen sharply, mainly based on futures. Spot resources are relatively tight, and manufacturers are generally reluctant to sell. Although the alloy steel recruitment did not start for December, the shortage of raw materials supported the rise in alloy prices. The major V2O5 flake manufacturers had a new round of pricing yesterday, including taxes of 116,500 CNY/Ton by acceptance (cash of 115,000 CNY/Ton), which brought a certain increase in the market signal, coupled with Pangang’s increase of alloy guide prices today, promoted the strong development of the domestic vanadium product market.
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