www.ferroalloynet.com: The price of ammonium metavanadate continued to fall, and the mainstream market transaction prices were around 99,000-101,000 CNY/Ton in cash, down by about 15,500 CNY/Ton from the same period last month, a decrease of about 15.5%.
The prices of downstream alloys and vanadium pentoxide continued to fall, and the overall purchase of ammonium metavanadate remained cautious; in addition, the production of vanadium-nitrogen alloy plants continued to be upside down, and the number of manufacturers for reduced production and maintenance continued to increase, and the actual purchase of raw materials was also significantly reduced. In the case of weak market demand, individual vanadium pentoxide manufacturers have reported that ammonium metavanadate has made a price cut to around 98,000 CNY/Ton in cash.
As the price of ammonium metavanadate continues to decline, some manufacturers also expressed that the current pressure on production costs is increasing, and the prices of raw materials and auxiliary materials continue to rise, so they chose to suspend quotations and wait and see the market. At present, the price of V2O5 flake has fallen to about 103,000-104,000 CNY/Ton in cash, and the downstream is also reluctant to accept the high price of ammonium metavanadate.
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