www.ferroalloynet.com: Today the vanadium market continues to strengthen, and manufacturers’ quotations have also increased slightly. The price of ferrovanadium is 106,000-110,000 Yuan/ton by cash with tax, and price of vanadium-nitrogen alloy is 168,000-170,000 Yuan/ton by cash with tax. Therefore, manufacturers have high enthusiasm for production, and inquiry about V2O5 flake is active, but individual enterprises are in short of goods, and the large plans have not yet supplied, with a small amount of goods sold at a high price at 110,000 yuan/ton by cash with tax, make it difficult for the alloy plants to purchase. Tight supply of V2O5 flake make the enquiry for ammonium metavanadate and vanadium pentoxide powder increase, and the transaction price has risen. At present, some alloy factories have difficulty in quoting because they have not purchased V2O5 flake. Some manufacturers with slight spot are offering in a trend of “one adjustment per day”, showing a mood of maintaining the goods.
Recently, the vanadium market is mainly driven by the tight supply of V2O5 flake supply. However, the major vanadium companies are worried that the market is rising too quickly and risks coexist, and expecting the price of vanadium to rise steadily. Therefore, on the one hand, the enterprises pay attention to the supplying of large V2O5 flake plants, on the other hand, they focus on the latest steel mills’ tender news, as well as the inventory status of vanadium-nitrogen alloys.
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