www.ferroalloynet.com: Since the middle of this month, the purchase of ferrovanadium and VN alloy by downstream steel mills has decreased significantly. Since the beginning of July, a large number of small and medium-sized ferrovanadium processing factories have stopped production. In the stage of weak downstream demand, the price of ferrovanadium has not increased due to the decrease of supply. The transaction price of V2O5 flake is low, and the supply of goods is still sufficient. The long-term cooperation of large factories guarantees the signing quantity, and there are still low quotation in bulk market. The market atmosphere remained weak in the short term, and the mainstream enterprises were strong and barely supported the situation.
At present, the mainstream transaction price of V2O5 flakes in the market is 104500 yuan / ton in cash with tax. Although there are many quoted sources, the suppliers are not willing to sell at a low price. Most of the downstream VN plants sign orders mainly by the cooperation of large factories. In the period when the VN alloy plants are facing inventory problems, it is expected that the output of this month will be delined, and the consumption of raw materials will be reduced, and the supply of raw materials will be surplus. There will be some suppliers to reduce prices to promote transactions in the later market.
At present, the quotation of ferrovanadium market is different. Some cargo holders think that the ferrovanadium market will remain strong when the processing plants stop production in large quantities. The spot quotation is between 107500 yuan / ton and 108000 yuan / ton in cash, waiting for transaction. Some traders think that the actual transaction is not very ideal, and there is no sign that ferrovanadium is in short supply, so the quotation is around 106000 yuan / ton in cash, and this price can be traded.
Some VN alloy manufacturers and traders offer a low price of 163000 yuan / ton in cash, and the manufacturers mainly hand over orders to old customers. It is understood that there are only few inquiries from traders, and the inquiry offered by traders is only 160000 yuan / ton in cash, and the purchase intention price of small steel mills is only 162000 yuan / ton in cash. At present, it is still in a deadlock. It is difficult for VN alloy enterprises to accept the high-priced V2O5 flake from large factories, and in terms of bidding from steel plants, VN alloy manufacturers continue to maintain a firm attitude and quote more than 167000 yuan / ton to support the high transaction price in the market. The market atmosphere will be stalemated in the short term, and the actual transaction price may be weak.