www.ferroalloynet.com:This week, the price trend of vanadium market rose from the beginning of the week to a slight decline afterwards, but overall, the products still rose mostly compared with the beginning of the week. V2O5 flake rose by an average of 3,000 CNY/Ton from the beginning of the week, and ferrovanadium rose by 4,000 CNY/Ton. Vanadium-nitrogen alloy rose 5,000 CNY/Ton.
The price of vanadium in the market has risen fast this week. Although the current price has dropped slightly, it is normal for the market to have this phenomenon before the concentrated steel recruitment next week. The circulation of V2O5 flake in the retail market is still relatively small, and manufacturers are more bullish and wait-and-see. The goods are in strong mood, and the shipment quotation is hesitant. The enthusiasm of the alloy plant to purchase raw materials remained unchanged. The transaction was 130,000-131,000 CNY/Ton in cash, and some V2O5 flake holders offered cash at 131,500-133,000 CNY/Ton.
The alloy is affected by factors such as raw materials, and the quotation has been increased. At present, VN alloy transaction price is 190,000-193,000 CNY/Ton in cash, and the market insiders has increased enthusiasm for shipments. The offer price is 193,000-195,000 CNY/Ton in cash, and traders’ inquiry prices are about 190,000 CNY/Ton in cash, and the transaction price of ferrovanadium is about 140,000 CNY/Ton in cash. The transaction is average.
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