www.ferroalloynet.com: The overall transactions of vanadium products remained stagnant. The price of vanadium and nitrogen continued to fall under pressure, and mainstream transactions were 187,00-190,000 CNY/Ton (by acceptance); most manufacturers said they were reluctant to ship at low prices for the time being, and some trading companies had low transactions, but they still focused on small orders with rigid demand. The transaction price of ferrovanadium has been lowered by nearly 3,000 CNY/Ton from the same period last week. Due to deepening cost pressures, some manufacturers have suspended their price concessions to wait and see the market, ferrovanadium mainstream transaction prices weakly stabilized at 136,000-140,000 CNY/Ton (by acceptance).
The Transaction In Vanadium Market Has Slowed Down And The Price Is Weak
On the raw material side, the long term order price of the large scale V2O5 flake manufacturers is still 130,000 CNY/Ton in cash. After retail investors continue to make price changes, the transaction is still low. Alloy manufacturers said that retail quotations have decreased slightly in the past two days, V2O5 flake mainstream transaction price is 126,000 CNY/Ton in cash today. The transaction in the V2O5 powder market is also not optimistic, the mainstream transaction of chemical V2O5 powder98 is around 130,000-132,000 CNY/Ton in cash. The quotations of ammonium metavanadate manufacturers remained strong, mostly at 120,000 CNY/Ton in cash, but it was difficult to trade at this price, and some downstream factories indicated that the psychological price was around 118,000 CNY/Ton in cash.
The market volume of vanadium products is small, the overall price remains weak, and the game between supply and demand continues.
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