www.ferroalloynet.com:After the end of the concentrated steel bidding, the market activity is reduced in vanadium market. Inquiry enthusiasm in VN alloy and ferrovanadium market is not high. VN alloy traders quoted in cash of 163,000-164,000 CNY/Ton, and the manufacturer’s offer is slightly higher than 166,000-168,000 CNY/Ton in cash, but the current market transaction price is 163,000-165,000 CNY/Ton
Offer of ferrovanadium manufacturers is in cash of 116,000-120,000CNY/Ton, and transaction price is in cash of 115,000 CNY/Ton or so. Traders do not operate much, so the market transaction is less. Many held a wait-and-see attitude, and are more hesitant and cautious for shipment.
The raw material market is relatively strong, and the downstream procurement enthusiasm is good. The market price of V2O5 flake is about 108,000 CNY/Ton in cash, but it is not easy to purchase at a low price.
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