The Manufacturers Quoted Less At The Beginning Of The Week

www.ferroalloynet.com: At the beginning of the week, the upstream and downstream vanadium enterprises were in a wait-and-see state, with few offers. Some manufacturers of ammonium metavanadate do not have spot goods for the time being, but are reluctant to sell futures. They are expecting bidding of steel plants to boost the market and do not offer for the time being. Today, the mainstream price of V2O5 flake in the market is 82000-83000 yuan / ton by cash with tax, and the domestic price rose slightly this month. Last week, the purchasing price of downstream alloy plants was between 81000 yuan / ton and 82000 yuan / ton by cash. This week, a small number of downstream manufacturers are willing to purchase with cash of 83000 yuan / ton, but there are still not many V2O5 flake retailers quote for sales, and the sentiment of cherishing goods is still relatively strong. And the downstream manufacturers are waiting to see whether the large V2O5 flake factories will adjust prices this week or not.

In terms of alloy, due to the rise of V2O5 flake price, the quotation of ferrovanadium manufacturers followed the adjustment, with the price of 91000-92000 yuan / ton by cash with tax, which was short of high-range transaction; it is difficult to inquire the spot goods of VN alloy, and there was little quotation for futures. The manufacturers did not receive orders due to the uncertainty of raw material purchasing price. Some manufacturers offered 132000-135000 yuan / ton by cash with tax, lacking high-level transaction. This week, it is mainly to focus on the trend of bidding price from steel plants.

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