www.ferroalloynet.com:This week, vanadium market is deadlock, and the price fell slightly. The transaction price of VN alloy has fallen to 158,000-160,000 CNY/Ton in cash, and declined 1,500 yuan/ton compared with last week. The quotation of some manufacturers is still firm, and the shipment is less at low-price, and the quoted price is 163,000 to 165,000 CNY/Ton in cash.
At present, the relationship between supply and demand in the market is in an unbalanced state, and the quantity of supply are more than demand. There is low enthusiasm for inquiry in ferrovanadium market. Since the beginning of the week, the supply of low-price goods has gradually increased. Now the mainstream transaction price has fallen to 112,000-112,000 CNY/Ton in cash. Some manufacturers firmly offer price of 113,000 to 115,000 CNY/Ton in cash.
The market demand for raw materials is relatively good. The retail transaction price of V2O5 flake is 1055-106,000 CNY/Ton, and the alloy factory intends to purchase the goods below 106,000 CNY/Ton in cash. It is hard to find the low-price goods in the market, and the manufacturer will not ship the goods below 106,000 CNY/Ton.
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