www.ferroalloynet.com: Last week, the quotations of vanadium manufacturers were stable. The cash price of ammonium metavanadate was CNY 125,000-130,000/t, CNY 128,000-130,000/t for V2O5 flake, CNY 134,000-136,000/t for ferrovanadium, CNY 195,000-198,000/t for vanadium-nitrogen alloy. The price of upstream raw materials is strong, with a slight deal. The price of downstream alloy remains stable with few new orders. Some vanadium-nitrogen alloy traders sell at a low price of CNY 193,000/t by cash.
Despite the positive inquiries from vanadium traders in the past week, the purchasing price is low. The cash price of vanadium-nitrogen alloy is CNY 191,000-192,000/t, and manufacturers are unwilling to purchase at this price. This week, tenders will be more and more, and vanadium plants take wait-and-see stances.
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