www.ferroalloynet.com: When the market resumed at the beginning of the week, V2O5 flake transactions continued to rise. Last week, mainstream transactions were 126,000-127,000 CNY/Ton in cash; downstream inquiries were relatively active, holders remained cautious in shipments, and market quotations were minimal; some indicated that they were unwilling to ship less than 130,000 CNY/Ton in cash, and the overall bullish sentiment is relatively strong; waiting for a new round of pricing by major manufacturers this week.
The bidding of vanadium-nitrogen alloy has gradually strengthened. Last week, it was priced at around 190,000-195,000 CNY/Ton (by acceptance) last week. The overall price and purchase quantity have increased compared with the previous period; coupled with the recent tight supply of V2O5 flake, the price has continued to rise, and the cost of raw materials has been strongly supported, the quotations of vanadium and nitrogen manufacturers continued to rise to around 192,000-195,000 CNY/Ton in cash; traders’ willingness to bid for prices has gradually increased, and most of the market quotations are no less than 190,000 CNY/Ton.
Near the end of the year, steel mills have gradually shown their intention to stock up before the Spring Festival. Most vanadium and nitrogen manufacturers have reported that there is not much inventory in the near future and the spot is tight. It is expected that the short-term vanadium and nitrogen market will continue to improve; it is necessary to continue to pay attention to V2O5 flake supply and steel recruitment.
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