Date: Oct 30, 2017
www.ferroalloynet.com: There are few spot stocks of V2O5 flake and most of materials are from Tranvinc and Hongjing. Jianlong have sold materials in large volumes and has no available stocks now. Majority of companies are unwilling to give offers and sell materials. Tranvic remains offers at 100000 rmb/ton (ex-factory, cash , tax inciusive) but have no intention of signing orders. Desheng offers high price of raw materials to Hongjing who also declines to make quotation as unable to caculate the production cost.
In the immediate term, vanadium pentoxide flake market is seen tightness in supplies and thinness in transaction. Downstream ferrovanadium and vanadium-nitrogen can’t purchase any raw materials with no quotation in the market. Market players remain offers of V205 flake firm. As steel mills gradually issue tenders prices, the vanadium prices are anticipated to go further up which mainly depends on the V2O5 flake prices.
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