www.ferroalloynet.com: In January, the bidding for vanadium alloy of medium and large steel plants was completed, and the bidding price of steel plants was basically set. The bidding price of VN alloy was 146000-147000 yuan / ton by acceptance with tax, and that of FeV50 was 99000-100000 yuan / ton by acceptance with tax. Alloy plants and traders were active to submit tenders, while the steel plants pressed down the price. Compared with last week’s bidding price of VN alloy, it fell by 3000-4000 yuan / ton. The bidding price of ferrovanadium was relatively stable.
The bidding market of steel plant is relatively hot, while the retail market is deadlocked. Ammonium metavanadate market was deadlocked for a week to maintain stability, and there were few actual transactions. Vanadium market was deadlocked and weak, and downstream enterprises pressed purchasing prices cautiously.
In terms of V2O5 flake, the transaction price of retail investors at the beginning of the week was 93000-94000 yuan / ton by cash with tas. With the pricing of large factories, retail investors were not active to quote, and the reluctance to sell increased, so they wanted to wait and see the signing of large factories. Compared with last week, the quotation of VN alloy manufacturers was slightly reduced to 144000-146000 yuan / ton by cash, and the intended purchasing price of traders was adjusted to 142000-143000 yuan / ton by cash. In the stalemate game between upstream and downstream enterprises, the transaction is weak. Some VN alloy manufacturers chose not to quote for the time being because of unclear purchase of V2O5 flake.
The ferrovanadium market is in a stalemate and weak stability. The quotation of manufacturers is 99000-102000 yuan / ton by cash, and the deals with high transaction prices are relatively rare. Some traders just purchase based on their demand, indicating that it is difficult to inquire at low prices, only a small amount of procurement.
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