Today, northern ferrovanadium manufacturers give offer prices at 114,000-117,000 CNY/Ton in cash, an increase of 1,000-2,000 CNY/Ton compared with yesterday. On the one hand, it comes from cost support. Not every manufacturer can obtain V2O5 flake resources from large factories, most retail V2O5 flake holders are unwilling to quote, and a small amount of resources quotations are 104,000-105,000 CNY/Ton in cash. Although there is no transaction at this price, based on the price expectation for V2O5 flake, the quotations of ferrovanadium rise slightly. On the other hand, there are more inquiries in the ferrovanadium market. In less than two months, the price of ferrovanadium fell to the lowest level of last year. Many social funds entered the market and actively suppressed the goods. Ferrovanadium traders in the industry also intend to cover their positions in an appropriate amount, and their purchasing intentions have increased. The increase in inquiries in the past two days, coupled with the tight resources of Pangang’s ferrovanadium, have boosted the price rise in the retail market.
Cost Support Superimposes Active Inquiries, The Quotation Of Ferrovanadium Rises
The quotation of ferrovanadium has risen obviously, but the current transaction is insufficient, and the mentality of the manufacturers is relatively firm. If the steel mills rush to replenish the order, the transaction price is likely to rise slightly.
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