www.ferroalloynet.com:From the present bidding price, vanadium alloy is more likely to be stable in this round. Due to the rising price of VN manufacturers, it is difficult for traders to start operation, and the influence of traders in the short-term market is weakened. The transaction of raw material end is also rare, with stalemate supply and demand,so the vanadium market turn into the stable state as expected by manufacturers.
According to ferroalloynet, the current spot quotation of V2O5 flake is 105500-106000 yuan / ton by cash, and the current transaction price is 105000-105500 yuan / ton. Compared with the previous period, it remains unchanged. The market inquiry of ammonium metavanadate market is acceptable, but the accepted price is lower. The supply of manufacturers is not large, with low willingness to ship at the current price. Therefore, the market transaction is relatively slack, and the later market is in a wait-and-see status, with weak demand.
At present, the manufacturers offer a cash price of 106000-107000 yuan / ton. Some manufacturers supply old customers with this price, but after all, it is not enough. The spot quotation of bulk market is the at 104000 yuan / ton by cash, and the mainstream transaction price is still between 104000-105000 yuan / ton. According to the statistics of ferroalloynet, the output of ferrovanadium in July decreased by about 500 tons compared with June. In Jinzhou area, even if some factories with larger production started, their basic output had be halved.
At present, the bidding price of VN alloy is 167000-168000 yuan / ton by acceptance, and the cash price is also around 166000 yuan / ton. The subsequent steel bidding is expected to around this price, and the overall fluctuation is not large. The manufacturer’s quotation is no less than 165000 yuan / ton by cash, and some spot goods offer the lowest price of about 164000 yuan / ton. As the bidding is dominated by manufacturers, the market regards many bidding prices as reference. This round of bidding will have a significant guiding role in stabilizing the later market.
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