www.ferroalloynet.com: This week, the vanadium market continued to be weak, and the deal was more stalemate. Up to now, the price of ammonium metavanadate has approached the cost of most manufacturers, so manufacturers are reluctant to sell with low price. The price of large V2O5 flake factories is still stable, and the low price of bulk goods is slightly reduced. Downstream manufacturers are afraid of falling atmosphere continued, so do not rush to purchase, traders can only wait and see, therefore, due to the lack of procurement, the downstream transaction deadlock is passive.
According to the vanadium alloy factories, there are not many sources of retail V2O5 flake with a price of 96000 yuan / ton by cash. However, because the current price was closed last week, it is difficult for manufacturers to accept a price higher than 96000 yuan / ton by cash when the alloy end is unstable. In the case that the cash price of 98500 yuan / ton of large factories remains unchanged, the retail suppliers still turn to wait and see, and the spot goods in the hands of traders are basically previous order procurement with high cost, if they sell now, they will lose money. It is expected that the price of raw materials will not fluctuate much in the later market.
The ferrovanadium market continues the trend of weak trading, due to the high cost, the market price has not continued to fall. The transaction price is between 100000-101000 yuan / ton by cash, and some orders with high transaction price of 102000-103000 yuan / ton, which are small orders in the hands of traders. The quotation of VN alloy manufacturers are currently at 150000-151000 yuan / ton by cash, some manufacturers have a spot transaction of 149000 yuan / ton, futures contracts of 148000 yuan / ton, and the quotations of large factories who want to support the market are still around 152000-153000 yuan / ton by cash, and the bidding price of steel mills continues to drop slightly to 152000 yuan / ton by acceptance. It is expected that the VN alloy market will remain unstable in this week, and the manufacturers will maintain a cautious attitude in purchasing raw materials.
www.ferroalloynet.com
