www.ferroalloynet.com:Today’s domestic vanadium product quotations are summarized: metallurgical ammonium metavanadate98% price is 124,000-125,000 CNY/Ton, retail V2O5 flake is 131,000-133,000 CNY/Ton, ferrovanadium50 is 137,000-142,000 CNY/Ton, and VN alloy is 192,000-194,000 CNY/Ton, all are cash prices including tax.
The spot market is slightly loosened today, and the quotations of some products are lowered by 500-1000 CNY/Ton from yesterday. In the early stage of the game between raw materials and alloys continued, some steel bidding showed that the increase in this round of steel bids may be relatively limited. With the decline in market enquiries and transactions, some vanadium holders have increased their intention to sell at concessions, and their quotations have been slightly reduced to 131,000-131,500 CNY/Ton in cash, but the actual transaction is still on the low side. On the one hand, alloy factories are waiting for a new round of centralized steel recruitment, and on the other hand, they are paying attention to the pricing of large V2O5 flake factories today. The market may become clearer.
Recently, VN alloys have stabilized at a high level, and market enquiries are not active. Some traders are worried that vanadium prices may fall, and their intention to sell has increased. The quotation has been slightly lowered, and it is 192,000-193,000 CNY/Ton in cash. This week, the bidding price of vanadium-nitrogen alloy is centered on 195,000-196,000 CNY/Ton by acceptance including tax, and the purchase price of traders does not exceed 190,000 CNY/Ton in cash. It is meaningless to purchase at a high price and would rather continue to wait and see. Supported by cost, the quotations of ferrovanadium manufacturers remained stable, and some traders’ quotations were slightly loosened. PANGANG’S quotation of ferrovanadium were 141,000-142,000 CNY/Ton in cash, and the actual transaction was light.
www.ferroalloynet.com
