With The Coming Of The Festival, Vanadium Market Is In A Quiet And Wait-and-see State

www.ferroalloynet.com: The Mid-Autumn Festival and National Day are just around the corner, and the market trading is very small. Manufacturers have basically completed the stock preparation before the festival. Some VN alloy plants plan to wait and see the market after the festival to purchase raw materials. Today’s market quotation and purchasing intention are low, and the market performance before the festival is quiet. Generally speaking, the procurement of steel plants before the festival is far less than expected, and it is surprisingly quiet compared with previous years.
At present, the market quotation of V2O5 flake is 95000 yuan / ton by cash, and the quotation of ferrovanadium is 98500-100000 yuan / ton by cash. The quotation of VN alloy is about 142000-145000 yuan / ton by cash, and there are some manufacturers quoted with a high range of 144000-145000 yuan / ton. Because of the scarcity of market procurement, there will be active quotation but no transaction near the festival, so the quotation is meaningless, The pre festival market has been formed, so as to judge the later market after the festival: first of all, the steel mills purchase less before the festival, so it is more likely that the steel mills will set the purchase plan after the holidays (such as Anhui Changjiang Steel). Therefore, the procurement in the middle of the month after the Festival will increase compared with the previous month. However, in terms of terminal steel consumption, it is expected that the supplementary procurement will not be too high, and the price is probably to be stable. Before the festival, the price of V2O5 flake is stuck at 94500-95000 yuan / ton, and some V2O5 flake retailers were trying to support the price, but it was difficult for downstream manufacturers to accept due to falling alloy prices. After the festival, ferrovanadium and VN alloy plants will refer to the bidding price of steel plants and quotations of large V2O5 flake factories to measure the purchase of V2O5 flake. However, it is expected that the possibility of full consumption of large factory inventory and production in October is very low. In addition, the imported V2O5 will not be greatly reduced in October, so the supply will be still in excess, and the price is expected to be weak.