www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 165,000-167,000 CNY/Ton (by acceptance), ferrovanadium is 115,000-118,000 CNY/Ton (by acceptance); retail V2O5 flake is 109,000-110,000 CNY/Ton in cash, and ammonium metavanadate is 104,000-105,000 CNY/Ton in cash.
In terms of alloys: after the downward pressure on vanadium-nitrogen alloy bidding prices, the market sentiment is relatively sluggish, high-level transactions have become difficult, and the mainstream price has dropped to around 165,000 CNY/Ton (by acceptance). Traders are cautious in their purchases, and manufacturers are under high cost pressure and offer few quotations. The bidding price of ferrovanadium continued to be around 115,000 CNY/Ton (by acceptance), and steel mills purchased one after another at the end of the month, but the overall price reduction sentiment was strong; most manufacturers maintained a state of semi-stop production.
In terms of raw materials: the pressure on the production cost of vanadium alloys continues to deepen due to weakening transactions, and it is difficult to trade V2O5 flake higher than 110,000 CNY/Ton in cash, a small number of retail V2O5 flake holders continue to cut prices to around 109,000 CNY/Ton in cash, but the overall purchasing intention of the downstream is still not high. The transaction pace of ammonium metavanadate is slow, and a small amount of ammonium metavanadate99% is sold at 106,000 CNY/Ton in cash; ammonium metavanadate98% is lowered to 104,000-105,000 CNY/Ton in cash following the price of V2O5 flake.
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