www.ferroalloynet.com:According to ferroalloynet, the current vanadium market upstream and downstream transactions are relatively slack. The raw material end of the stalemate temporarily stable and the alloy end in the weak demand were the main reason to cause the weak performance in bulk market, and part of the spot quotation moved down slightly.
It is known that at present, the price of VN alloy manufacturers to purchase V2O5 flake is still at 105000-105500 yuan / ton by cash, so it is easy to purchase bulk goods. There are not many active inquiries, and the mentality of alloy later market is full of uncertainty. Most manufacturers are reluctant to accumulate raw materials. The transaction price of ferrovanadium market is still 104000-105000 yuan / ton by cash. Compared with the current price of V2O5 flake, the manufacturers are still hanging upside down, and the production enthusiasm is not high. VN alloy partial bulk cargo quotation shipment is positive, and the low price is about 163000-164000 yuan / ton. The manufacturers insisting on the market quotation is not less than 164500-165000 yuan / ton by cash, but some steel mill owners said that the quoted price of 164000 yuan / ton by cash is still not easy to promote transactions.
The rainy season has not passed, so the demand is slack. However, in the early stage, the manufacturers’ joint efforts to support the market played a significant role, which made the price of VN alloy rise. Therefore, if manufacturers still maintain a firm attitude in the later market. The market still has support, and If the supply of low price goods in bulk market increases, it will face the risk of market weakness.
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