www.ferroalloynet.com: In May, the output of ferrovanadium enterprises increased by about 80 tons compared with April, and the overall price trend was weak. It was difficult for steel mills to conclude business with a low bidding price of about CNY 115,000/t. The supply of vanadium pentoxide flake was under control, and the price was relatively firm, and the spot price was rarely below CNY 115,000/t, so ferrovanadium enterprises were unwilling to sell at low prices. However, at the end of the month, the purchasing volume increased and the market stopped falling and rebounded. Partial ferrovanadium factories sold goods. At the end of the month, the inventory of some ferrovanadium manufacturers was slightly reduced compared with that of last month.
According to the incomplete statistics of 37 ferrovanadium enterprises in production, the stock ferrovanadium enterprises is about 320 tons at the end of May, which is about 80 tons less than April.
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Product
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Number of enterprises
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Stock in May(Ton)
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Compared with last month(Ton)
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Ferrovanadium
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37
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320
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↓80
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