www.ferroalloynet.com: Since this week, the inquiry of some products in the vanadium market has increased, mainly in the aspect of raw material V2O5 flake and vanadium nitrogen alloy. Due to the high quotation of large factories, it is difficult to get out of the spot. Downstream alloy factories focus on the bulk market to find raw materials, resulting in a tight supply of bulk V2O5 flake. At present, only part of VN alloy factories look for regular customers to get the price of 92000 yuan / ton by cash, and the rest of the quotation in bulk market is at least 93000 yuan / ton by cash. Besides the three major manufacturers, the Dagang, Hongjing and other manufacturers have quoted at 94000 yuan / ton at present. The demand of the whole alloy end is supplied by the volume of bulk goods. In recent days, vanadium nitrogen alloy inquiry has also increased. Traders generally offer price of 138000 yuan / ton by cash. However, due to the constant quotation of large factories and the hopeless decline of raw material price, vanadium nitrogen alloy manufacturers are also out of panic and turn to keep the firm price. Most manufacturers say that although they have spot stock, they can’t offer price lower than 140000 yuan / ton by cash, and the lowest quotation of bulk goods is 139000 yuan/ tons, it is difficult for traders to purchase at a price of 138000 yuan / ton.
In terms of terminal steel plants, since April, the output of screw steel has begun to increase, but the social inventory has been in a downward trend of continuous consumption, or it shows that with the good prevention and control of domestic epidemic situation, the resumption of work at the construction site has basically returned to normal, and the demand of steel market is turning better. Since April, the decline of screw steel has ended and continued to rebound, providing a certain demand support for the vanadium market, but the internal operation of the vanadium market is relatively good, and the supply end will still be filled if the raw materials are not priced. In the short term, the high price of vanadium will not be priced, and the gradual consumption of bulk goods is expected to make the price of vanadium rebound slightly, but it is difficult for vanadium nitrogen alloy to occupy the seller’s market price to rise. It is expected that the vanadium market will have a strong performance in the short term, but it is estimated that there will be little fluctuation.
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