www.ferroalloynet.com: At present, the domestic vanadium market continues to be in a stalemate. It is difficult to purchase vanadium products at low price, but the transaction at high price has not yet been followed up. Manufacturers are cautious in taking orders for production, and traders have little room to operate. They wait and see a new round of bidding of steel plants.
In terms of raw materials, the transaction volume of V2O5 flake was low this week, and some suppliers offered cash of 95500-96000 yuan / ton. Although the alloy factories intend to purchase V2O5 flakes, there is no high price order for VN alloy, and thus they are cautious to purchase raw materials. On the whole, most of the alloy factories are not interested in purchasing high-price V2O5 flake, but it is obvious that there is shortage of V2O5 flake with cash of 95000 yuan / ton. Ammonium metavanadate was traded sporadically, most manufacturers maintained customer relationship, and the transaction price was not adjusted temporarily. The transaction price of metallurgical grade 98% was 90000-92000 yuan/ton by cash.
In terms of alloy, the cost of raw materials is high, and the quotation of alloy factories is relatively unified. The current price of VN alloy is 148000-150000 yuan / ton, and that of FeV50 is 102000-104000 yuan / ton. Most of the VN alloy manufacturers have orders until the end of the month, and the purchasing price of the steel plants is stable at about 148000-149000 yuan / ton by cash, but the purchasing price of the traders is slightly lower at 146000-147000 yuan / ton, while the manufacturers are reluctant to sell, and thus the deal is less in the deadlock. The ferrovanadium market is dominated by sporadic transactions, with few high price orders. The actual transaction prices are mostly in cash of 101000-102000 yuan / ton, and the production enthusiasm of manufacturers is not high.
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