www.ferroalloynet.com: Summary of domestic vanadium product quotations today: ammonium metavanadate is 101,000-102,000 CNY/Ton, retail V2O5 flake is 106,500-107,000 CNY/Ton, ferrovanadium is 113,000-115,000 CNY/Ton, and vanadium-nitrogen alloy is 161,000-162,000 CNY/Ton, all prices are in cash including tax.
Today’s domestic vanadium price remains stable without adjustment. The terminal demand continues to be sluggish, and the cost of raw materials is rising, which will increase the price of the entire vanadium series in the short term. As the middle of the month enters, downstream inquiries are becoming weaker, traders are more cautious, market confidence begins to fall, manufacturers’ quotations are slightly loose, shipment intentions are enhanced, transactions are still unsatisfactory, and they continue to wait and see passively. Today’s vanadium raw material quotations are stable. Although alloy quotations have been slightly lowered, the sentiment of reluctance to sell has not diminished. However, traders intend to purchase at lower prices, and the upstream and downstream are once again in a stalemate. It is expected that this situation will not change next week, and the short-term vanadium market will consolidate in a narrow range.
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