www.ferroalloynet.com:Today’s domestic vanadium products quotation summary: 98% metallurgical ammonium metavanadate98% of 112,000 CNY/Ton, retail V2O5 flake of 117,000-118,000 CNY/Ton, ferrovanadium50 of 122,000-125,000 CNY/Ton, VN alloy of 175,000-182,000 CNY/Ton, all in cash including tax price.
Raw material market inquiry heat is not reduced, and the downstream alloy factory procurement are cautious and slow down the speed. Retail V2O5 flake maintain high cash price of 117,000-118,000 CNY/Ton, and the actual transaction price is around 116,000 CNY/Ton in cash. Although the alloy factory purchases actively, the acceptance is limited at high price, so they wait and see the alloy price following up. In the past two days partial ammonium metavanadate quotation increased, and the actual transaction is not much, and the buyer and seller wait-and-see intention is strong.
Alloy transactions amount with a small rise, steel bidding are not much, and most transactions are bulk deals. VN alloy transaction price is in cash 174,000-175,000 CNY/Ton, and ferrovanadium50 price is in cash 121,000-122,000 CNY/Ton. Vanadium market bullish atmosphere is strong. The manufacturer offer rise or temporarily do not offer, and the market low price resources reduce, and traders procurement difficulty increases. The high purchase operation risk is high, so they keep wait-and-see or a small amount of cover positions.
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