www.ferroalloynet.com: In recent days, the domestic vanadium market has been rising steadily, especially the VN alloy and V2O5 flake markets are more active. The manufacturers have a good attitude towards the future market, and the quotation has gone up. They are in a strong mood of cherishing goods, and intend to wait and see the market trend in June. At present, there are not many VN alloys in stock. The high price quoted by manufacturers or traders is no less than 155,000 Yuan/ton in cash with tax, and the bidding price of steel plants are stable around 155,000 Yuan/ton by acceptance with tax. It is difficult for traders to find low-price goods then to sell with a high prices, which is not easy for traders to operate, and there is no profit margin. In addition, it is impossible to predict the exact vanadium market in June, so the procurement slows down, and the trading of VN alloy slows down. V2O5 Flake and VN alloy are interdependent, when VN alloy is getting better, the quotation of V2O5 flake rises accordingly. At present, there are not many quotation of V2O5 flake vanadium, and suppliers who have a small amount of inventory are not willing to sell, waiting for the upward price of large factories in June so as to pull up the price in retail market.
At present, most of the vanadium enterprises wait and see how do the large factories make a price in June. The three major V2O5 flake enterprises have not made a clear statement. The specific situation depends on the overall trend of vanadium market in June. Throughout May, the demand for vanadium alloy has improved compared with the previous period. The purchase volume of steel plants has increased, and the price of rebar has been raised, then the price of vanadium has gone up accordingly, and the whole market is improving. June is approaching, it is necessary to watch carefully whether the demand of steel mills will keep rising steadily and whether the supply side of vanadium products will change or not.
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