Summary of transaction prices of vanadium products: vanadium nitrogen alloy 153,000-156,000 yuan/ton acceptance, ferrovanadium 109,000-116,000 yuan/ton acceptance; vanadium pentoxide flake 102,000-103,000 yuan/ton cash, ammonium metavanadate 96,000-98,000 yuan/ton cash.
In terms of alloys: vanadium-nitrogen alloy steel bids have stopped falling and stabilized, and steel bids are priced at around 153,000-157,000 yuan/ton for acceptance; manufacturers’ quotations are firm at low levels, and it is difficult for traders to find goods in cash around 150,000 yuan/ton. The bidding prices of Ferrovanadium from the steel mills are slightly lower at 109,000-110,000 yuan/ton for acceptance, but the cost pressure is still there. Most manufacturers maintain their quotations at 113,000-114,000 yuan/ton in cash, and they are unwilling to ship at low prices.
In terms of raw materials: the recent transactions of vanadium pentoxide flake continued to fall to a low level, and the bottom-hunting orders in the external market have gradually increased recently. In addition, a new round of pricing by large vanadium manufacturers is coming soon, and retail holders mostly suspend quotations and wait and see the market. The quotation of a small amount of ammonium metavanadate remained at 98,000-99,000 yuan/ton, but the transaction of vanadium pentoxide flakes remained stable, and some ammonium metavanadate manufacturers were cautious about shipments, and the supply of low-level goods was less.
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