www.ferroalloynet.com: Last week, steel mills purchased VN alloy intensively, which led to a significant increase in market activity. Several major steel mills are actively purchasing. Some steel mills are not fully recruited, and the bidding price of VN alloy is stable at about 147000 yuan / ton by acceptance, with little change and stable trend. According to the reaction of VN alloy manufacturers, there are many traders and small steel mills that do not take the bidding platform recently. However, the current inventory of VN alloy plants is not high, and the supply is expected to be slightly tight in the future. In addition, the supply of low-cost V2O5 flake in bulk market is insufficient, so the price of VN alloy needs to be boosted urgently to deal with the cost of large-scale V2O5 flake.
At present, the price of V2O5 flake in bulk market is 93500 yuan / ton. The purchase price of downstream manufacturers is still mainly 93000 yuan / ton. It is expected that vanadium market will continue to maintain stable this week.
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