www.ferroalloynet.com: Entering the last week of the month, the recruitment of vanadium alloy was relatively concentrated, the inquiries of traders were obviously weakened, and the transactions of bulk cargo slowed down. Large scale V2O5 flake manufacturers normally sign orders for shipment, and retail V2O5 flake transaction prices have fallen slightly from last week. The quoted cash is 108,000-110,000 CNY/Ton, and the actual transaction is mostly 108,000 CNY/Ton in cash. Holders are relatively active in shipping, while downstream alloy factories make purchase based on orders, and have little intention to stock up. There are not many quotations on ammonium metavanadate, and some manufacturers mainly focus on maintaining old customers, and the actual transaction is around 103,000-104,000 CNY/Ton in cash.
Steel Recruitment Is Concentrated, Traders’ Inquiries On Vanadium Turn Down
In terms of alloys, the quotations are stable and focus on steel bidding. Vanadium-nitrogen alloy manufacturers offer cash of 165,000-168,000 CNY/Ton, and the bidding price of steel mills is 164,000-165,000 CNY/Ton in cash; ferrovanadium manufacturers offer cash of 120,000-122,000 CNY/Ton, and the bidding price of steel mills is mostly in cash of 119,000-120,000 CNY/Ton. At this time, traders’ inquiries have turned slack, low alloy prices are difficult to inquire, steel bidding seems to be sluggish, and purchases have slowed down. Continue to wait and see the progress of steel mills’ bidding.
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