www.ferroalloynet.com: The market resumed at the beginning of the week, and the retail V2O5 flake market remained chaotic. Many of the holders are still reluctant to ship, and they have a strong hope of rising; a few quotations have risen to around 120,000 CNY/Ton in cash, and factories have no plan to ship at low prices for the time being.
Vanadium-nitrogen alloy: Some manufacturers continue to purchase raw materials, but most of them said that V2O5 flake is still hard to find in stock. It is still hard to find V2O5 flake in cash of 118,000 CNY/Ton from last Friday to today. Under the pressure of rising costs, the quotations of vanadium-nitrogen alloy continue to increase, and the mainstream price is around 178,000- 180,000 CNY/Ton in cash; in the middle of the month, steel recruitment is scattered and some traders are still afraid of high sentiment, there are not many real orders, and high price transactions are still to be followed up.
Ferrovanadium: The quotations of ferrovanadium continue to increase, and it is concentrated at 130,000 CNY/Ton in cash in Jinzhou area. The recent demand for ferrovanadium is still weak, and individual manufacturers reported that there were scattered transactions under cost support of 125,000–126,000 CNY/Ton in cash; most manufacturers have not yet made new orders after 120,000 CNY/Ton in cash, however, under the cost pressure, manufacturers are unwilling to ship less then 126,000 CNY/Ton temporarily.
The hard-to-find situation of “a piece” continues and intensifies, the price of V2O5 flake continues to rise; the raw material inventory of alloy manufacturers is not large, and the mood of reluctance to sell has also increased. With the continuous upward fluctuation of raw materials, it is expected that vanadium alloys will remain strong in the short term.
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