www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metavanadate is 98,000-100,000 CNY/Ton, retail V2O5 flake is 102,000-103,000 CNY/Ton, ferrovanadium is 115,000-117,000 CNY/Ton, and vanadium-nitrogen alloy is 153,000-155,000 CNY/Ton, all prices are in cash including tax.
The bidding market continued to operate under pressure before the festival. The bidding price of vanadium nitrogen alloy fell to 150,000-153,000 CNY/Ton in cash, some steel mills are bearish about the market outlook, inquiries are slowing down, demand-side performance is insufficient, coupled with frequent news of steel mill production reduction, and alloy factories lack confidence, resulting in a simultaneous decline in raw material prices. Today, retail V2O5 flake holders give quotations at 102,000-103,000 CNY/Ton in cash, and the manufacturers’ quotation intentions are not high, and they continue to hold a wait-and-see attitude; some vanadium-nitrogen alloy manufacturers say that they mainly supply goods for steel mills, and do not quote for retail; the quotations of ferrovanadium from manufacturers are stable, and low-priced resources is limited. This week, we will pay attention to the shipment situation of V2O5 flake manufacturers and the development of alloy bidding.
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