Vanadium Alloy Bidding Prices Are Under Pressure And Slightly Down

In terms of alloys: vanadium-nitrogen alloy bidding price continued to fall to about 157,000 CNY/Ton in cash, traders held a wait-and-see attitude, and retail transactions were less. It is difficult to make transactions at high prices, but the pressure on production costs is high, and manufacturers of vanadium-nitrogen alloys have low enthusiasm for quotations. The price of V2O5 flake fell and the cost support was weak, and ferrovanadium bidding prices were also slightly lowered to around 115,000-116,000 CNY/Ton (by acceptance); most of the ferrovanadium manufacturers quoted at 115,000 CNY/Ton in cash, but it is not easy to get transactions.

In terms of raw materials: retail V2O5 flake make shipments actively, and the market price is around 104,500-105,500 CNY/Ton in cash. However, the transaction of alloy continued to weaken, coupled with the psychological impact of buying up and not buying down, most downstream factories remained on the sidelines for retail V2O5 flake, and the actual transaction was small. There are also a small number of holders who report that the initial purchase cost is high, and the low price will not be shipped temporarily; the market has limited supply of low price goods, but it is difficult to get transactions at high prices, and the purchase is mainly for rigid needs. Some downstream purchases of ammonium metavanadate are expected to fall to less than 100,000 CNY/Ton in cash, but under cost pressure, most manufacturers said that they would not ship goods below 100,000 CNY/Ton for the time being, and the stalemate in transactions was weak at 100,000-101,000 CNY/Ton in cash, and there were not many low-priced goods.