www.ferroalloynet.com: With the rise in vanadium prices, retail V2O5 flake transactions have reached around 106,000 CNY/Ton in cash, some holders are bullish on the market outlook, and V2O5 flake offer prices have reached 110,000 CNY/Ton in cash, and their mentality is relatively firm. Although some vanadium-nitrogen alloy manufacturers are eager to purchase raw materials, they are still very cautious about the purchase intentions of such high-priced V2O5 flake. This week, there are fewer steel recruitments and the increase in alloys is not clear, and traders purchase less.
The current alloy market is relatively stable. Although the quotation is high, the transaction follow-up is slow. The vanadium-nitrogen alloy quoted cash is 165,000-170,000 CNY/Ton, and the actual transaction is 162,000-163,000 CNY/Ton; the ferrovanadium quoted cash is 115,000-12,000 CNY/Ton, and the actual transaction is 112,000-115,000 CNY/Ton. There are mainly scattered transactions in the market this week, waiting for development of bidding next week.
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