www.ferroalloynet.com: Summary of transaction prices of vanadium products: vanadium nitrogen alloy is 164,000-165,000 CNY/Ton (by acceptance), ferrovanadium is 114,000-117,000 CNY/Ton (by acceptance); retail V2O5 flake is 105,500-106,000 CNY/Ton in cash, and ammonium metavanadate is 101,000-102,000 CNY/Ton in cash.
In terms of alloys: the transaction of vanadium nitrogen alloy is stable and weak, and the bidding price is around 163,500-165,000 CNY/Ton (by acceptance); the transaction of vanadium nitrogen is small in the middle of the month, but under the support of cost, the manufacturer’s quotation is not less than 162,000 CNY/Ton in cash for the time being. The bidding volume of ferrovanadium last week was acceptable, but steel mills continued to reduce prices, and the upward trend of ferrovanadium was weak. The mainstream price basically remained stabilized at around 115,000-117,000 CNY/Ton (by acceptance). Ferrovanadium traders are still mainly shipping, while retail transactions are light.
In terms of raw materials: the pressure of alloy production is still there, and it is difficult to trade retail V2O5 flake at 106,500 CNY/Ton; a small number of holders cut a small price to 105,500 CNY/Ton in cash in order to promote transactions. The supply of this price is temporarily limited, it is also difficult to make a deal at high prices. The quotations of ammonium metavanadate manufacturers are firm, but the price of V2O5 flake is loose and the downstream factory does not accept orders for high-priced ammonium metavanadate, so both the supply and demand sides are cautious in trading.
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