www.ferroalloynet.com: The transaction price of vanadium retail dealers stopped falling and stabilized, and the downstream was active in purchasing goods at the price of 120,000 CNY/ton by cash yesterday; After the increase of market inquiry, most cargo holders were unwilling to ship at this price, and the overall willingness to support the price has increased slightly. However, at present, most downstream players have low acceptance of high prices, so there are few actual transactions in the market, and the stalemate between supply and demand is gradually rising.
Summary of vanadium nitrogen alloy steel tender in recent two days: 183,200 CNY/ton by cash tax included, 40 tons by a steel plant in Anhui; 182,000 CNY/ton by acceptance, 60 tons by SGIS; Vanadium nitrogen alloy of 185,000 CNY/ton by acceptance(including bidding fee), 60 tons by Nanjing Iron and Steel Co., Ltd.; 183,800 CNY/ton by acceptance, 60 tons by Laigang; 179,850 CNY/ton by acceptance, 20 tons by Shougang Changzhi. At the beginning of the month, the steel bidding of vanadium nitrogen alloy was around 180,000-185,000 CNY/ton by acceptance. The purchase price of some traders was low, but the quantity was small. According to the accounting of 120,000 CNY/ton of V2O5 flake by cash, the production cost of vanadium nitrogen is still about 180,000 CNY/ton by cash. When the raw materials are difficult to find at low prices, the quotation of most vanadium nitrogen manufacturers is relatively strong.
V2O5 flake temporarily stopped falling and stabilized, supply and demand both sides are more cautious in trading, vanadium market is expected to stabilize in the short term, and with small consolidation.
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