www.ferroalloynet.com: Yesterday, the purchase price of ferrovanadium from a steel plant in Shandong was 117,800 CNY/Ton (by acceptance), with a volume of 40 tons; some small-volume bidding prices were concentrated at around 118,000-119,000 CNY/Ton (by acceptance), and the ferrovanadium market continued to operate weakly and steadily. However, due to the decline in V2O5 flake prices in the early stage, steel mills have been more cautious in their overall purchases, and most traders are still waiting and watching.
Except for the steel mills’ bidding, the actual transaction in the ferrovanadium market is still small, but the retail price of V2O5 flake remains stable at 107,000 CNY/Ton in cash. The production cost of manufacturers is still high, and the quotation is still relatively strong at around 118,000-120,000 CNY/Ton in cash. Inquiry activity in the vanadium market has increased slightly, but the downstream has low acceptance of high prices, and continue to pay attention to V2O5 flake transactions and the trend of steel bidding.
www.ferroalloynet.com
