www.ferroalloynet.com: Yesterday, the price of domestic steel market moved up. The average price of Ø 25mm grade III HRB in domestic key cities was 3569 yuan, up 22 yuan on a month on month basis. The prices of leading cities rose to different degrees. In addition, the performance of the screw steel market in holidays was acceptable, so the overall trend is good recently. At present, it has been a month since the resumption of work and production in China. With the accelerated release of terminal demand, the pressure on HRB stock has been greatly relieved, the price of screw steel has a slight upward trend, and the production enthusiasm of steel plants has also been enhanced, which promotes the demand for vanadium alloy to be better.
After the May 1st holiday, the generally quotation of VN alloy was 144,000-145,000 Yuan/ton in cash with tax, and 50 ferrovanadium was 99,000-100,000 Yuan/ton. Compared with that before the holiday, the VN alloy increased by 1000 Yuan/ton slightly, and it is slightly difficult to purchase at 143,000 Yuan/ton in cash. From the perspective of the bidding price of steel plants, there is a trend of slight increase. Before the holiday, most of the medium and large steel plants purchase at the price of 145,000 Yuan/ton by acceptance, and the purchase price after the holiday is generally no less than the price of 146,000 Yuan/ton by acceptance. At present, the operation space of traders is small, so they should be cautious.
Looking at the upstream raw material side, we can see that the price of V2O5 flakes is mostly quoted at 94,500-95,000 Yuan/ton in cash with tax. The transaction price is mainly at 94,500 Yuan/ton, the inquiry and transaction are less. The price of ammonium metavanadate is relatively stable, the demand of chemical enterprises has not fully recovered, and the price has not fluctuated much in recent month.
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