www.ferroalloynet.com:This week, the domestic vanadium market was relatively active, and the prices of some products were tightened at low levels, and the prices rose at high levels. Manufacturers have high bullish sentiment, firm quotations, high market enthusiasm, and transactions are slowly following up.
At present, the retail V2O5 flake market quotations are mostly more than 125,000CNY/Ton in cash. This price is not well accepted by the market and the transaction is small. Manufacturers are willing to purchase cash of around 123,500-124,000 CNY/Ton, but the market is currently bullish. Holders of V2O5 flake are reluctant to deliver the goods. The quotations are firm and low-priced sources are difficult to find. Some alloy factories just need a small amount of replenishment of high-priced V2O5 flake.
Recently, transactions in the ferrovanadium market have followed up quickly. Affected by the stability of international prices and the tightening of supply from major domestic manufacturers, inquiries have been slightly positive and prices have risen. At present, some traders are willing to purchase ferrovanadium in cash at a price of 133,000-135,000 CNY/Ton, some manufacturers’ spot quotations are 135,000-137,000 CNY/Ton in cash, and some manufacturers are temporarily not quoting, and wait-and-see the market. VN alloy manufacturers give firm quotations, no less than 185,000 CNY/Ton in cash. Traders have increased their purchasing intentions, and their target purchase price is 182,000-183,000 CNY/Ton in cash. However, it is difficult to find low-price sources in the market, so the purchase is difficult, and there are few transactions.
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