www.ferroalloynet.com:This week, this week the vanadium market fluctuated little, and at the end of the month, due to concentrated steel bidding, most manufacturers said that the price is not ideal. Currently VN transaction price is in cash 170,000-172,000 CNY/Ton, ferrovanadium transaction price is in cash 118,000-119,000 CNY/Ton, and retail market transaction is less.
Manufacturers in the market mentality is different, and part of the vanadium raw material market supply is still relatively short, supported by the cost, and some manufacturers offer is firm of in cash 171,000-174,000 CNY/Ton. The other people think that although the price of raw materials rises, the market supply and demand are greater than demand, and the low-price supply in the market has not been fully released, so the room for growth is still relatively limited.
At present, the heat of the alloy factory purchasing vanadium has decreased, and the alloy factory is willing to purchase vanadium at a price lower than 113,500 CNY/Ton in cash. Both sides remain cautious in the transaction, indicating that they are temporarily waiting for the return after Labour Day Holiday.
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