www.ferroalloynet.com: During the Dragon Boat Festival, vanadium market price continues to be firm. Prices of some products have also increased slightly, traders have been active, and purchase prices of orders have been floating. After the festival, the market price of vanadium-nitrogen alloy is more than CNY 190,000/t, and there are few high-price transactions of CNY 195,000/t in the market. While the market price of ferrovanadium is about CNY 130,000/t. Vanadium pentoxide flake is still difficult to purchase, and the market price of ammonium metavanadate has shown an upward trend. The price of ammonium metavanadate is CNY 115,000/t for alloy plants. Some manufacturers have indicated that they still have higher price inquiries but have not concluded business.
In view of the current market situation, vanadium prices are expected to continue to be strong this week. Although a large number of public bidding has passed, the purchase of vanadium has increased since the small steel mills saw the price of vanadium rise. Recently, Recently, some small steel mills have been actively signing some small orders, the vanadium-nitrogen alloy price may continue to fluctuate upwards to drive the price of upstream products.
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