www.ferroalloynet.com: At the beginning of the week, the quotations of major vanadium enterprises were stable. The tax-inclusive price of ammonium metavanadate is CNY 95,000-100,000/t by cash, CNY 153,000-155,000/t for V-N alloy, CNY 104,000-106,000/t for ferrovanadium. Last Friday, the transaction price of V2O5 flake in bulk market was CNY 98,000-100,000/t. Today, some V2O5 flake vanadium sellers are reluctant to sell at low prices, and the quotation has been slightly raised to above CNY 100,000/t, and there is no transaction for the time being.
Last week, the three major vanadium factories sold goods one after another. This week, the raw materials are relatively sufficient. A small number of alloy factories purchase raw materials under pressure, but the high price is still unacceptable. At present, the transaction price of V-N alloy is difficult to be higher than the current price of CNY 153,000/t, and the production of V2O5 flake at the price of CNY 98,000-100,000/t is still under pressure, which is basically unprofitable. The bidding price of vanadium alloy is less this week, and it is expected that the price of vanadium will mainly stabilize, with little fluctuation.
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