www.ferroalloynet.com:This week, the domestic vanadium product market remains stable in the exploration mode, although commodities and steel prices fell, but it has not yet affected vanadium enterprises on the short future market bullish mentality. Firstly, V2O5 flake big factory will determine in June long-term order price next week, which is bound to increase; Second, compared with other products, the price of vanadium products is relatively slow, and the increase is not large, under the support of considerable profits of rebar, the cost increase is less.
This week the vanadium products traded prices have risen to varying degrees, V2O5 flake exploration is positive, leading to a small adjustment of ammonium metavanadate, and raw materials traded more active. Alloy steel bidding volume is not much, and the bulk market trading is deadlock and slow, waiting and seeing next week steel bidding. V2O5 flake holders are reluctant to sell, and the price is constantly slightly increased. The transaction price rose to in cash 119,500-120,500 CNY/Ton, up nearly 2,000-2,500 CNY/Ton for a week. This week VN alloy steel bidding price is acceptance including tax 179,000-183,000 CNY/Ton, and bulk cargo transaction price is in cash 178,000-179,000 CNY/Ton, up 3,000-4,000 CNY/Ton compared with last week. Ferrovanadium transaction volume is less, and traders offer maintain stable in cash 125,000-126,000 CNY/Ton. The manufacturer offer higher, and it’s difficult to make a deal, for middlemen, the profit is small, so they are cautious to purchase. Due to the slow following up of alloy transactions, most alloys still dare not venture to purchase high-priced V2O5 flake, and they are in the delivery order, waiting for big factory steel bidding and V2O5 flake pricing next week.
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