VN Steel Bidding Is Stable And Deal At High Price Is Limited

www.ferroalloynet.com:Vanadium products quote summary today: metallurgical ammonium metavanadate98% of 106,000-107,000 CNY/Ton; V2O5 flake of 113,500-114,000 CNY/Ton, ferrovanadium50 of 118,000 CNY/Ton; VN alloy of 170,000-172,000 CNY/Ton, all of which are cash price including tax.

This week, steel bid performance is relatively stable, continued to rise slightly, VN alloy acceptance price is 172,000-174,000 CNY/Ton including tax, and ferrovanadium50 acceptance price is 118,000-120,000 CNY/Ton including tax, and some steel prices are high, so the transaction is limited. Bulk cargo market is slightly weak, and VN alloy price is in cash 170,000 CNY/Ton, and ferrovanadium50 price is in cash 119,000 CNY/Ton. The transaction is not ideal, and ferrovanadium factory is almost difficult to meet the pressure  that the cost is losing money and few orders. V2O5 flake price is slightly loose, and there are more quotation price of 113,500 CNY/Ton in cash, but the alloy factory intention seems to be still not high, on the one hand, raw materials are not urgently needed, on the other hand, they intend to watch the market changes after the holiday. Partial ammonium metavanadate deal is not much, and deal reduce at high price, metallurgy98% price is close to 105,000-106,000 CNY/Ton in cash.

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