www.ferroalloynet.com:This week due to commodity prices and raw material price adjustment, and Pangang price adjustment support the market. Vanadium products prices are up. At present, the vanadium market quotation is chaotic, the price changes quickly and the market circulation supply is tight. The manufacturers are reluctant to sell out, and the market transaction is not much. V2O5 flake price compared to the beginning of the week rose about 2500 CNY/Ton, and the current transaction price is in cash 116,500-117,000 CNY/Ton, and it’s difficult to purchase at low price. Following the price adjustment of V2O5 flake, metallurgical ammonium metavanadate98% price is in cash 110,000-112,000 CNY/Ton.
The price of VN is pushed up by the cost. Currently, the quotation is 178,000-183,000 CNY/Ton in cash, and the actual transaction price has also increased. Compared with the cash of 170,000-172,000 CNY/Ton at the beginning of the week, the current transaction price is 175,000-176,000 CNY/Ton. Alloy factory procurement activity of raw materials reduce, and some manufacturers reflect a fear of high price. Alloy rise speed is slow, and they remain cautious to purchase high-priced raw materials.
www.ferroalloynet.com
